Monday, 15 October, 2018

Ripple Is Up. So Why Is Its Cofounder Selling His XRP Tokens?

XRP was piloted with 12 banks before xRapid launch clarifies Ripple executive Ripple Welcomes PNC Bank into RippleNet
Kelvin Reese | 27 September, 2018, 09:25

Despite the possibilities, only a few blockchains have been deployed in the payment sector and Ripple's technology has been at the heart of adoption in this industry. Ripple has so far avoided being labeled a security Several ongoing lawsuits allege that Ripple is a security.

Ripple is one of the biggest gainers as the market shift from red to green, by gaining 20% within 12 hours.

Pulling back through the morning, Bitcoin Cash fell to an intraday low $469.7, steering clear of the first major support level at $463.87 before partially recovering late in the day.

What Made Ripple Go Up? Ripple inked a deal with a division of PNC Financial Services Group Inc., which reportedly will use Ripple's xCurrent product to process global payments. Sagar Sarbhai who is the head of regulatory relations for the Asia Pacific and Middle East for Ripple talked to CNBC and mentioned that the xRapid product is going to be available for commercial applications. With this process, banks are making more money. According to NewsBTC analysis Ripple is showing strong bullish trends, as more bulls join Ripple.

"I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production". These collaborations are essential in providing the ecosystem in order to facilitate xRapid. How exactly does it work?

Are we putting too much stock in Ripple's pending xRapid release?

Third accuser says Kavanaugh had role in sexual assaults
Trump said this "con game" at the "highest level" could "go on forever", and claimed "it's a very risky period in our country". Kavanaugh and Ford are scheduled to testify before the Judiciary Committee on Thursday.

Thibodeau tried to convince Butler to stay with Wolves
But it's another if Thibodeau really is trying to hold onto Butler and ignoring what his boss has told him to do. Only time will tell whether or not the Heat are able to make the most attractive offer and get the deal one.

Oil prices slip after Trump criticizes OPEC
OPEC members will meet with non-Opec countries, such as Russian Federation , over the weekend to examine their production quotas. It is unclear whether producers such as Saudi Arabia , Iraq and Russian Federation can compensate for lost supply.

Although nearly all markets are in the green today, the dramatic price surge in Ripple buying seems to have prompted by announcements earlier in the week about the xRapid payment system, along with news that PNC bank will be using the Ripple network to facilitate worldwide transfers. "How do we circumvent banks?'" This attitude has helped Ripple gain crucial partnerships with important financial players.

The company has struck deals with various high-profile financial institutions, including Santander and American Express.

Bitso is a Mexican Bitcoin exchange that allows users to purchase crypto in more than 135,000 locations across the country, and make transactions with their bank accounts instantly, without cost. However, Ripple then answered that the sample was quite small to see a difference.

Virtual currencies have struggled to gain a foothold among institutions in part because most banks and payment companies experimenting with blockchain technology don't consider it necessary to use digital coins for the transactions. This is the highest XRP has gone to since mid-July, when the price was $0.51 before a steep slump of 43 percent until Tuesday, as tracked by CoinMarketCap.

"xRapid on the other hand, leverages communication systems to allow institutions to settle inter-bank transactions using the XRP digital asset".

The Sunday session was a relatively quiet one for Bitcoin, with the coin mostly hovering in the low $6,700 area.

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