What Does The Coinbase XRP International Payments Service Mean For The XRP Prediction 2019?

XRP news has been so positive for the past few weeks. This is why the XRP price prediction 2019 has also become more positive than it has been in a while. Shortly after the announcement of the JPM Coin and the IBM collaboration with Stellar, some people started making negative XRP price predictions 2019. However, Ripple and XRP don’t appear affected by the increased competition. In our XRP news a few days ago, we said that Ripple’s xRapid got a thumbs up from the World Bank. Also, in our XRP news yesterday, we talked about how the CEO of TechCrunch asked Robinhood cryptocurrency exchange to list XRP. This was exciting for everyone in the XRP rich list. These subtle endorsements have helped boost the XRP prediction 2019 despite the XRP SEC saga that is yet to be resolved.

XRP News Today – XRP Prediction 2019: Coinbase Soft Launches International Payments With XRP And USDC

Yesterday, the trending XRP news was that Coinbase, America’s most popular cryptocurrency exchange, has soft launched an international payment service using XRP and USDC. This fast and free payment services has been available since Coinbase Pro listed XRP according to CoinDesk. While XRP is the native currency of the Ripple ledger, USDC is a stablecoin that was launched by CENTRE, a Circle affiliate last year.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.291
1.78%

With this new service, all Coinbase customers will be able to send funds to others without charge. However, those who want to send the funds outside Coinbase will be required to pay a small fee. Part of the info on the official Coinbase website is as follows;

“You can now send money to any user with a Coinbase account around the world using XRP or USDC. By using cryptocurrencies that are optimized for cross-border transmission, you can send and receive money virtually instantly by sending those cryptocurrencies and having the recipient convert them into local currency.”

Coinbase insists that even if it allows people to send funds from one end to the other, it is not a remittance service provider. The service simply allows receivers to get the fiat equivalent of cryptocurrencies from the sender. The announcement continued;

“This is not a money remittance; rather, it is a cryptocurrency transaction with conversion into local currency after receipt. In countries where Coinbase does not support the local currency, recipients need to transfer their XRP/USDC to an exchange that supports exchanges from XRP/USDC to local currency.”

XRP Prediction 2019: XRP News Today: How Does This Coinbase Move Affect Ripple And XRP?

Ripple is one of the most criticized cryptocurrency companies in the world. From accusations of valuation inflation to the XRP SEC saga, the company has come under a lot of pressure. So, good news like this helps reaffirm the #xrparmy of XRP’s competence and efficiency in the space. It shows that XRP is here to stay and may someday, become the most valuable token in the world.

At the time of writing, XRP was trading at $0.33401. This means that it is up by 7.20% against the USD but down by 6.79% against BTC. The trading volume over a 24 hour period is $1,669,231,004 and the market capitalization is $13,901,516,746 per CoinMarketcap.com. At the moment, Bitcoin is outperforming XRP but the long-term XRP price prediction is still bullish.

What do you think about the XRP news today? Will this move by Coinbase to use XRP to settle international payments promote the adoption and improve the XRP price prediction 2019? Share your thoughts in the comment section.

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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