- Bottomline Technologies examining Ripple’s Remittance Network
- XRP Price projected to reach $0.30 trendline
- e-Commerce gift site eGifter to be part of the first merchant to accept XRP
Ripple News Update – Reports reaching us is that the U.S-based payment processing and consulting company, Bottomline Technologies, is experimenting with Ripple’s Remittance Network. Bottomline processes over trillions of payments yearly. According to the Bottomline’s solutions architect Laurent Laborde, Bottomline is renovating its software-as-a-service model to exploit new disruptive technologies, with those made by the San Francisco-based company Ripple.
Ripple is a remittance company that provides payment solutions that are created to be swift. Ripple’s user can also use its native token XRP to make cross-border transactions. Though Laborde did not mention the particular Ripple solution Bottomline will be using.
Bottomline currently runs in 92 countries and processes trillions of dollars in payment yearly. According to Bottomline, thousands of companies use its services to simplify their payment processes. During the Q1 of 2019, Bottomline recorded a total revenue if $108.2 million, with an annual profit of $61.6 million.
Ripple News Update – XRP Price projected to reach $0.30 trendline
After the XRP Price surge from below $0.20 to $0.24 recently, the XRP community is positive that a higher price surge of XRP price this year is on the way. The initial target which some Twitter users projected XRP price to retest is the psychological level of $0.30. XRP coin is trading at $0.2362, with a prospect of strong bullish price momentum.
On the 1-hour chart, the XRP/USD pair price is currently correcting lower. If the XRP/USD pair fails to continue above the $0.24 resistance level, the XRP price might continue its decline. The first key resistance on the downside is close to the $0.23 level. if there is a clear breakout beneath the $0.2300 support level, XRP Price could hasten its decline towards the $0.2240 support level in the forthcoming sessions.
XRP (XRP) Price Today – XRP / USD
Any additional losses may likely lead to a test of the $0.2120 support level. The MACD line and the signal line are currently below the zero lines which signifies a sell signal. The Major Resistance levels are $0.24, $0.25, and $0.26. While the major support levels are $0.23, $0.22, and $0.21.
e-Commerce gift site eGifter to be part of the first merchant to accept XRP
Ripple Latest Update- With BitPay’s incorporation of Ripple, BitPay’s CMO, Bill Zielke declared that the e-commerce site eGift will be part of the merchants to accept Ripple’s XRP. Though he added that technical execution is still unresolved.
eGifter is a platform that permits users to seamlessly buy gift cards that can be used at several prominent retails stores. eGifter adopted Bitcoin in 2014, allower users buy gift cards with the cryptocurrency.
Speaking on the Ripple’s XRP incorporation, the CEO of eGifter, Tyler Roye, stated:
“We’re excited to add XRP as a payment option on the eGifter platform, and we welcome XRP early adopters in the same way we did those of Bitcoin in 2014.”