- E9pay Partners With Ripple Promising Several Extra Corridors for Ripple’s Payment Solution
- With More Partners Joining RippleNet, Global Adoption Might be Possible
- Ripple XRP is Holding the Line Above the $0.2500 Level
XRP News Today – Ripple has just announced a new partner, E9pay, a remittance giant. According to the news from Business Insider, Nium has partnered with the South Korean remittance firm E9pay. Working together, a new payment remittance network will be created for people in South Korea. Nium has been using Ripple’s advanced blockchain solutions since they joined the RippleNet umbrella. As RippleNet members make progress, Ripple makes progress too and comes closer to its ultimate goal of global adoption and revolutionizing the global financial industry.
XRP News Today – With More Partners Joining RippleNet, Global Adoption Might be Possible
Ripple has always made its goal clear; revolutionizing the global financial industry through its decentralized solutions. While the XRP token is a standalone entity, Ripple’s payment services can only work in conjunction with existing financial institutions. This is why RippleNet currently has over 300 members who are partners of Ripple. These partners also help Ripple to expand its payment corridors into different parts of the globe.
While Nium is a Singaporean fintech platform that intends to go global and its use of Ripple’s products will make this possible. E9pay is also a remittance services firm that offers similar services as Nium. By partnering with E9pay, Nium intends to expand its services to corporate and retail clients. They will also create payment corridors in India, Indonesia, the United States, and Europe. All payments through the new platform will be instant. Since they use Ripple’s payment protocol to facilitate these transfers, they will all be low cost and secure.
In other news, the price of the XRP token has found relative stability above the $0.2500 level. Over the last seven days, XRP has been able to hold this support but the resistance above is not encouraging and the token has been unable to move above this level. At the time of writing, the price of the XRP token was $0.256140. It was down by 0.03% against the USD but up by 1.23% against Bitcoin BTC. The trading volume over a 24 hour period was $2,145,620,920 and the market capitalization was $11,567,887,857.
Before the bulls can gain control of the market, the XRP token must rise above the resistance at $0.2800 and again above $0.300. The token is well above the 50 and 100-day simple moving averages and will not revert to a bloody bear reversal as long as these levels hold.