As a digital asset investor who is invested in XRP, it is important that you learn as much as you can about xRapid. This is because Ripple’s xRapid is going to be the vehicle that will drive massive adoption for the XRP token. For the past few weeks, most XRP news have been about the influence of xRapid. xRapid has also gotten a lot of endorsements recently from well-known figures and institutions including the World Bank. This has influenced the XRP price prediction 2019 and the future of XRP. Today’s XRP news is also about how xRapid got honored by Fast Company for its efficiency. What does this mean for the XRP price prediction 2019?
XRapid Price Prediction – XRP News Today – xRapid News Today – Fast Company Honors xRapid
Fast Company is in the center of our XRP news today. It is an American business brand, and magazine that focuses on technology, business and design. Recently, Fast Company honored xRapid in its publication stating it as one of the “world changing ideas of 2019”. This was in its Developing-World Technology category. Ripple’s xRapid is a payment settlement technology that was created specifically to boost the effectiveness and reliability of transactions while reducing fees. Even if the xRapid technology can be used in any part of the world, it was created with the underdeveloped world in view. The XRP news about the honor was announced on the official Ripple Twitter account. It was as follows;
“Ripple’s xRapid is honoured in @FastCompany’s 2019 World Changing Ideas Awards for helping improve reliability and lower the cost of remittances in the developing world! bit.ly/2G8ulbY #FCWorldChangingIdeas. The ‘World Changing Ideas awards’ was started in 2017 and has awarded and honorably mentioned quite a few important businesses, institutions, and non-profit organizations over the last few years. These awards and mentions, according to Fast Company, work tirelessly in trying to “help shift society to a more sustainable and more equitable future.”
XRP News Today – xRapid News Today – XRP Price Prediction 2019
The honor was given to xRapid not XRP but the XRP community has been super excited about it. Why is this so? Well, the XRP token is used as liquidity for the xRapid protocol. So, good xRapid news is always good XRP news. The cryptocurrency and blockchain industries are still at their early stages. This is one of the reasons why endorsements, no matter how subtle, have a positive effect on the price of cryptocurrencies. This is the same way negative reviews tend to change the market sentiment as well.
Another efficient technology from Ripple that has even gained more adoption over time is Ripple’s xCurrent. Just like xRapid, xCurrent speeds up transactions by making it easy for banks to communicate with each other. However, xCurrent doesn’t use XRP as liquidity so it has little or nothing to do with the adoption of XRP.
XRP (XRP) Price Today – XRP / USD
At the time of writing, the price of XRP on CoinMarketCap was $0.352526. This means that it is down by 0.29% against the USD and down by 0.62% against BTC. The market capitalization of XRP is $1,211,870,491 while the trading volume over a 24 hour period $14,732,802,034. With news like this, XRP is going to keep gaining popularity.
What do you think about the XRP news today? Will these endorsements for xRapid influence the XRP price prediction 2019? Share your thoughts in the comment section.