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

Tue, 2/10/2018 - 8:52

XRP Price Loses 2 Percent after Important Partnership Launch

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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.

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Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.