National Bank Of Kuwait Takes Ripple Into The Real World With Advanced Payment System


Throughout the year, Ripple has been accomplishing great things. Even as the bear market took the price of cryptocurrencies down, Ripple was able to enter into many mutually beneficial partnerships. Recently, the national Bank of Kuwait and Ripple sealed a mutually beneficial partnership as reported by Alqabas, a local news outlet. The news stated that Ripple will be benefiting from the payment services provided by RippleNet.


Ripple And NBK Work Hand In Hand


The National Bank of Kuwait has a remittance service that has been installed with a login specifically for RippleNet. Customers will be able to access this Ripple-backed advanced payment feature efficiently. The Direct Remit service by NBK is now available in Jordan. The original announcement that was made by NBK on Twitter was as follows:“For the first time ever in Kuwait you can send money instantly with NBK Direct Remit. All you have to do is log in to your NBK Online account with the RippleNet blockchain technology. This service is currently available in Jordan.”


This is one of the many accomplishments of Ripple and XRP this year. A while ago, Ripple released a report on its accomplishments and establishments this year. It showed that the company made progress in adoption, academics, development and research. In terms of research, Ripple made major progress this year. One of them is the support for the University Blockchain Research Initiative. The UBRI, as it is commonly called, is a blockchain research initiative made up of many big universities who have interests in blockchain technology. Some of the participants are UCL, UC Berkeley, McCombs School of Business, Princeton University, Korea University, and Penn.


XRP (XRP) Price Today – XRP / USD
Name Price24H (%)
XRP (XRP)
$0.319725
1.22%


To spread education, social development and financial inclusion, Ripple also started the “Ripple for Good” initiative. The company recently contributed $25 million to that campaign. This particular charity focuses on science, technology, engineering and mathematics or STEM.


XRP (XRP) Price Analysis


Yesterday, XRP struggled to clear the resistance at $0.4000. Unfortunately, a downside correction started taking it below the $0.3800 support level. Not long after it broke this support, it fell below the support at $0.3550. Before press time, XRP broke the support at $0.3440 trading as low as $0.3289. There was a resistance formed close to the 23.6% fib level of the last decline from $0.3952 to $0.3289.


XRP was in the bullish zone until it fell below $0.3600 and below the 100 hourly SMA. There was a strong resistance at $0.3550. The MACD on the XRP hourly price chat is currently in the bearish territory and the relative strength index is also bearish below 40.


At the time of writing, XRP was trading at $0.351796. This shows that it is down by 4.00% against the USD and down by 0.57% against BTC. The trading volume over a 24 hour period is $612,175,564 and the market capitalization is $14,351,227,992. There is a strong support at $0.32 that is going to hold the price incase it falls to that level. Breaking this support will pave a way for more decline below $0.30.

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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