Ripple News Today – Ripple Teams Up With Finastra Extending Its Banking Reach, XRP Still Can’t Retest The $0.200 Level – April 19th, 2020

  • Ripple Expands its Banking Presence By Teaming Up With Fintech Company Finastra
  • Ripple XRP Struggles to Stay Retest the $0.200 Despite Bullish Momentum Yesterday 

Ripple News Today – Ripple developed RippleNet as a platform for partners who are interested in using any of its blockchain products. Over the years, more than 200 firms have joined the RippleNet network. The more firms join, the closer Ripple gets to its goal of a global financial revolution. On Wednesday, Ripple announced that it has gotten a new partner called Finastra. This deal with Finastra is a big deal because it isn’t just beneficial to Ripple and Finastra. It is also beneficial to everyone using the RippleNet network as they will have access to Finastra’s banking partnerships which involves thousands of transactions.

Ripple News Today – Ripple’s Partnership With Finastra is a Big Deal For Ripple

In a press release, one of Ripple’s executives Marcus Treacher said that Finastra has been in the fintech industry for many years and they work with some of the best banks in the world. In his words;

“Finastra is a longtime fintech participant and works with a majority of the world’s high banks. This partnership will allow Ripple to increase the attain and options for our companions, and the footprint of RippleNet whereas permitting clients to transact immediately with one another.”

In agreement with what Treacher said, the CEO of Finastra, Riteesh Singh said that their clients depend on quick and effective methods of cross-border transactions. In his words;

“Quick and dependable cross-border funds are significantly useful for our clients in geographies where the price of correspondent banking is too high.”

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.305
1.81%

This new partnership with Finastra comes just a few weeks after Ripple released many other new initiatives. Just a few weeks ago, Ripple Xpring created a technology that allows developers to create fee rails on their app. They also bought an Iceland-based firm that will help the Ripple blockchain penetrate the decentralized finance sector (Defi).

Ripple Price Prediction 2020 – Ripple Price Analysis

Meanwhile, the price of the Ripple XRP token hasn’t been able to retest the $0.20 level which it reached sometime last week. At the time of writing, the price of the XRP token was $0.193056. This means that it is up by 0.99% against the USD and up by 0.15% against the price of BTC. The trading volume over a 24 hour period is $1,978,438,083 and the market capitalization is $8,511,776,914. In our Ripple news yesterday, we noted that the token must retest the $0.200 level and move as high as $0.220 before we can confirm that the bulls have taken control of the market.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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