Ripple Surges as Japanese Groups Adapt
Ripple has been making a lot of "waves" lately and has been in the news a lot after its recent breakout and 1000% surge has been making headlines. I'm glad I got in when I did, but wish I had gotten in one day sooner when I was thinking about it. I know there is a lot of controversy over this coin, but I would rather err on side of profit and take my chances.
Now, the news gets even better
The Financial Times just released a story about how last week’s announcement that three of Japan’s big credit card companies have signed up to use Ripple’s technology triggered another bounce in the price of XRP. The partnering companies are JCB, Sumitomo Mitsui Card, and Credit Saison. Their confidence in the technology is clearly good news for cryptoinvestors with a stake in Ripple and could help lead the way to mainstream adaptation of cryptocurrency in general.
Ripple makes an ideal currency to adapt, as it's technology allows cross-border payments to be completed within 10 to 15 seconds. Ripple offers various types of cross-border payments. One system allows customers to buy and sell XRP to move money almost instantaneously between countries and currencies. Another uses a blockchain ledger to record and co-ordinate transfers between banks’ own accounts.
In the article they mention:
Korean banks last week announced the launch of a pilot scheme to use Ripple’s technology for sending money between the two countries.
Ripple offers various types of cross-border payments.
The US based company has signed up more than 100 financial institutions to use its blockchain technology to move large sums of money across borders.
Read more about it here:
Ripple cryptocurrency surges as Japanese groups agree to use it
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I always upvote comments to my blog posts
It’s hard for me to believe how can ripple be more valuable than Ethereum?
I though ethereum will end up taking the #1 spot from bitcoin
I have to admit , I was a little shocked when I saw that it had overtaken Ethereum - but these things have a way of taking on a life of their own.. and with news like this , it puts them in the spotlight - giving then an advantage - when was the last time ethereum made major news? either way, I'm stacking both of them - I'm in it for the long haul
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