Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

XRP Price Surge Follows Ripple’s ‘Increasing Stature’ in Fintech: Crypto Market Analyst

by Daily Hodl Staff
February 2, 2019
in Altcoins
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

Ripple’s efforts to become a dominant player in fintech are having an impact on the price of XRP, according to eToro’s senior market analyst.

XRP jumped 11% to $0.3329 on Wednesday, when news that Swift would link to R3’s Corda Settler broke. According to the latest data on CoinMarketCap, the price is currently at $0.3068.

Mati Greenspan points to R3’s connection with Ripple, and the recent announcement that R3’s blockchain-based payment system Corda Settler will utilize XRP, as a catalyst. In a new interview with CoinTelegraph, Greenspan says,

“Basically over the last year or two years we’ve been witnessing a battle within the payments industry. And what we’re noticing just now is that rather than a battle, it’s kind of a network where there’s a lot of major players.

They’re all fighting for market share, but at the same time they’re growing an interoperable network, where payments will be using the power of technology much quicker, much faster, much cheaper down the line based on those partnerships. And what it seems is that Ripple Labs is increasingly gaining stature in that network.”

Ripple has a long history with R3. In 2016, Ripple announced that the two companies were starting a pilot “trialing Ripple’s native digital asset, XRP, to scale liquidity and reduce the costs and inefficiencies of cross-border payments.”

In September, the two companies settled a legal dispute that reportedly centered on R3’s efforts to purchase XRP from Ripple at a fixed price. About a month after that dispute was settled, R3 announced its plan to support XRP in Corda Settler, an open-source decentralized application that allows Corda users to settle transactions.

Anthony Pompliano, founder of Morgan Creek Digital, agrees with Greenspan’s assessment. He says public announcements can go a long way in the crypto market.

“When it comes to short-term price appreciation, especially double digits like we saw with XRP recently, most of that is driven by the public announcements. I tend to think that public announcements are able to affect price whether it’s public equities or cryptocurrencies.”

The Japanese giant SBI Holdings is another huge financial player connecting Ripple and R3. It owns shares in both companies. SBI CEO Yoshitaka Kitao recently said he believes the two companies will leverage XRP to create a new global standard for financial operations.

Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
  • Everest Receives Crypto Custodian Approval
    February 23, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$49,071.00
$49,071.00
5.59%
Ethereum
$1,573.33
$1,573.33
8.74%
Binance Coin
$250.11
$250.11
11.94%
Polkadot
$36.25
$36.25
7.13%
Cardano
$1.22
$1.22
4.64%
XRP
$0.442079
$0.442079
4.87%
ADVERTISEMENT

Spotlight

  • Crypto Trader Lark Davis Says Four Crypto Assets Built on Polkadot Could Skyrocket 100x
    February 23, 2021
  • Google Teams With D-Wave in Massive Quantum Computing Leap, Cracking Simulation Problem
    February 26, 2021
  • Analyst Who Accurately Called Bitcoin’s Biggest Crash Outlines BTC’s Potential Trajectory, Analyzes State of XRP
    February 24, 2021
  • Top Analyst Predicts XRP Is Ready To Erupt – Here’s Why He’s Not Buying In
    February 28, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.