XRP Price Loses 2 Percent after Important Partnership Launch

  • Ripple Labs announced three new partnerships with large global banks. Among them is Pay FX. Its world’s first mobile Ripple-based app for overseas payments

Cover image via U.Today

On Tuesday morning, Ripple Labs announced three new partnerships with large global banks. Among them is Pay FX run by Santander Bank. Now, Pay FX is reportedly the world’s first mobile Ripple-based app for conducting overseas payments.

Following the news released to the media, the XRP rate dropped about three percent. After that the coin recovered a little of the loss, rising about two percent.

Presently, XRP is trading at $0,561595, according to Coinmarketcap.com. This time XRP does not seem to meet investors’ expectations who have been looking forward to a bullish rally.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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