Rpple has a way of getting the attention of institutions within the financial sector. However, its use cases aren’t limited to the financial services sector alone. Recently, Frank Muller, a Pioneer luxury watchmaker, has announced that it would soon use Ethereum, Ripple and other top five cryptocurrencies in its cryptocurrency wristwatches. The first model of this luxury cryptocurrency watch is called Encrypto and it is Bitcoin enabled. It was done in collaboration with Regal Assets and it is just the first in a new line of exotic watches.
Ripple News – Ethereum News – XRP News Today – XRP Set For A Boost Thanks To Frank Muller
According to the announcement on Today’s Gazette, the watch is embedded with two deep cold storage sets and a unique public address. The address is etched on the dial. The dial was created using the same QR code Satoshi Nakamoto used to create the Genesis Block address. It also has a sealed USB that contains the private keys. The public wallet address is in a QR code in the frame of the watch. Each user can customize the brand and add a dial. The watch comes with a cold storage that accepts only Bitcoin for now. In the future, the company will add XRP and other top assets. The cold storage is completely secure so users will not need to worry about hacking.
This wristwatch is going to help boost cryptocurrency adoption on a global scale. Apart from the fact that it would create more awareness for cryptocurrency assets, it is also going to help increase the value of assets because people will be more likely to hold rather then sell since the storage cannot be hacked.
Ripple News Today – Ethereum News Today – XRP News Today – How Will This Affect The XRP Prediction 2019
XRP has been struggling to gain the heart of cryptocurrency investors across the globe. Even if the Ripple network is efficient for banks, many members of the cryptocurrency community still don’t trust Ripple or the XRP token. With these sort of use cases, there will be an increase in the adoption of XRP and this will lead to an increase in price. People will put more faith in Ripple and its XRP token.
At the time of writing, the price of XRP was $0.377580. This means that it is down by 3.87% against the USD and down by 2.21% against the price of BTC. The trading volume over a 24 hour period is $1,876,778,796 and the market capitalization is $15,902,417,270. The price of XRP struggled within the $0.28 and $0.30 range for days before it finally moved higher against the USD after the Coinbase Pro announcement. At the time, XRP managed to surge as high as $0.44 were it met resistance. Since then, the price of XRP has been falling lower against the USD and against the price of BTC. To be fair, almost every cryptocurrency is suffering at this time.
What do you think about the XRP prediction 2019 in our XRP news today? Will the integration of XRP in the cryptocurrency wristwatches lead to a surge in the price of the token? Share your thoughts in the comment section below.
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.
