XRP News Today – November 24, 2019

  • Ripple’s Head of Regulatory affairs joins the Blockchain Association
  • Ripple Continues to Work towards the Integration of Crypto into the Finance Industry

 

XRP News Today – The RippleNet is one of the fastest-growing networks in the crypto industry. Many firms, financial institutions, and industries have joined the network because of what it has to offer. The network is expanding not only via the influx of new customers but trying to impact the digital currency and blockchain industry at large. 

In a recent tweet, Ben Melnicki – the head of regulatory affairs of Ripple US – announced that he is now part of the board of the Blockchain Association as a co-chair. In a tweet, he said: 

Looking forward to working with @BlockchainAssn and its members to provide regulatory clarity on this critical issue for the industry and market participants!

https://twitter.com/benmelnicki/status/1198018532644184064

Ripple Continues to Work towards the Integration of Crypto into the Finance Industry

Melnicki is the second executive of Ripple to join the Blockchain Association. Before he joined the board, the global head of Government relations joined the board. This news came after the San Francisco-based firm announced the opening of a representative office in Washington DC. The firm is making this move to have a closer dialogue with regulators in the United States, such as the Securities and Exchange Commissions. 

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.242
0.540%

Unlike Bitcoin (BTC) and other digital currencies and their commodities, Ripple is working with banks and financial institutions rather than opposing. As a result of this, the firm is up for setting up adequate regulatory mechanisms for this innovative space of fintech. The representatives of Ripple are joining the Blockchain Association with the aim of blending the present regulatory system with the nascent digital currency technology.

Ripple’s XRP Struggles to Hold Gains

The digital currency market is currently under the influence of the bear. The bulls have given way to the bears, as almost all the digital currencies in the market are currently struggling to hold gains. Even the world’s largest digital currency by market cap, Bitcoin (BTC), just broke below a major support level and tested a low of $6,700. Bitcoin Cash (BCH), Tron (TRX), and XRP (XRP) are three digital currencies that are plunging at about the same pace, recording a decrease of about 4% overnight. 

XRP Price Prediction – Ripple Price Prediction

A few days ago, the price of XRP plunged below the psychologically crucial level of 25 cents. Nevertheless, some of its followers were still optimistic, reminding everyone how the price of XRP quickly surged back in 2017 from below 25 cents to lover $2. 

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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