Ripel is expected to rise if it cooperates with Amazon
Ripel is expected to rise if it cooperates with Amazon
Critics expected a significant rise in the price of the default Reebel currency in the event of its partnership with Amazon.com (NASDAQ: AMZN), thanks to the huge number of Amazon users.
Amazon's development of its own virtual exchange system has been rumored since the company has made headlines for sites related to virtual space, amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrency.com.
Amazon has taken part in Blocchin Technologies, which is responsible for most virtual currencies. Last December, AWS Web Services signed a deal with R3 to use the Boca-based Korda platform.
Thomson's co-founder, Tom Lee, said Amazon was likely to implement the blockbuster technology and announce a cryptographic strategy this year.
The properties of the Ripple can make them attractive to Amazon, including allowing the Ripple to conduct transactions within 10 seconds, and to impose a swap fee of 0.00001 ripple. Lower cost of fees means that if the price of the ruble is high, the fees remain low and the default currency becomes more attractive than its competitors.
Contrary to the limited availability of the currency, which is limited to only 21 million coins, the riyal has a currency of 100 million, which means that the riyal has 4,700 times the currencies of its biggest rival in the virtual currency market.
The riyal was $ 0.98 at the beginning of the month and recorded a decline of $ 0.16 to $ 0.82. The sharp declines and gains in the currency showed extreme volatility.
Craig Cull of CRIBOTO MAB said that the currency has the potential to encourage the industry. The speed of transactions and lower exchange fees make it easier for financial systems to accept the currency, which is the reason for the appreciation of the currency this year.
Cole said Ripple is helping financial institutions save money, is expected to become more prevalent in payment flows and to reach levels close to the Betkin in the near future.
The probability of rising and growing the ripple comes at a time when other hypothetical currencies are experiencing bearish trends. At present, the price of the mint currency is $ 9.560.48, the etherium is $ 726.72, the cash is $ 1.133.67, and the liqueur is $ 188.63.
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