Flipside Crypto in collaboration with TheStreet has published a report detailing the benefits of XRP. The deal with MoneyGram was the main topic discussed. Ripple’s growing influence involving scores of banks across the globe is a clear highlight.
xCurrent lets investors send money across borders; xRapid is being used by MoneyGram [one of the largest money transfer service providers] and Xendpay. In 2019, Ripple has seen an influx of potential HODLers, although the asset itself is yet to move ahead in the market. Ripple Labs can no longer exercise absolute control over XRP. Although, they own a huge chunk of coins.
Do note that the CTO of Stellar who was also the head of Mount Gox also has a decent number of coins which is yet to enter circulation. Jed was the CTO of Ripple up until 2013; Stellar Lumens is said to be the only viable alternative to Ripple in the market.
As more and more users join the ecosystem, Ripple will surely partner up with bigger financial institutions. On the other hand, RBI is yet to give adopt a positive attitude towards XRP. This listing was announced a few days ago.
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Colodax is a relatively new exchange which has a few hundred traders currently using their platform to purchase virtual currencies.
XRP is ranked at #3 on coinmarketcap. The price climbed at a rate of 2.09% in the course of the past 24-hours. The trading volume recorded is $1.028 billion, while the supply has 42,890,708,341 XRP coins in play. For now, the total market cap of XRP is $11.613 billion. As of this moment, XRP is priced at $0.270764.
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Flipside Crypto awards Ripple an “A”; Weiss Ratings turn away, XRP struggling in the market
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