According to reports, Siam Commercial Bank (SCB), Thailand’s largest commercial bank, will be partnering with Ripple. The goal of this initiative is to facilitate the deployment of Blockchain backed solutions. SCB’s latest action comes after the financial institution disclosed that it is interested in the applications of Blockchain tech. this report may have a positive effect on XRP price prediction 2019.
The bank may have also insinuated that Ripple’s XRP, might be integrated. However, per the tweet, that released the announcement, the public would wait for some time if they want more developments relating to the official report.
When SCB was asked about using XRP for transfers via its official Twitter handle, there was no definite answer. This move will definitely have an impact on the price of XRP.
XRP (XRP) Price Today – XRP / USD
XRP Price Prediction 2019: What You Need To Know About SCB’s Interest In Crypto and Blockchain Tech – XRP Price Forecast
Earlier in the year, SCB reportedly tested Ripple’s network for cross-border payments. It turned out to be a successful test as transaction speed increased from 48 hours to 1 minute. Considering the fact that the test was a tremendous success, it is safe to say this is the beginning of a productive partnership between Ripple and SCB.
Via Ripple’s official blog:
“Siam Commercial Bank will be the first financial institution to pioneer a key feature on RippleNet. The feature is called multi-hop. Multi-hop allows SCB to settle frictionless transactions for other institutions on the network. The goal is to eliminate a bilateral relationship between financial institutions when it comes to settling a payment.”
XRP Price Prediction 2019: The Price of XRP Gained 21% in the Last 30 Days – XRP Price Forecast
XRP had a ROI of 6,733.69% 24 hours ago with a circulating supply of 42,116,677,673 XRP. The price of XRP was trading at $0.39 on the same date.
XRP had a market cap of $16,759,299,302 and trade volume of $ 1,838,636,501.
The price of XRP has gained 21% in the last month with prices peaking as high as $0.47 and dipping to $0.28. As of April 24, the price of XRP was trading at $0.32 and 0.00005777 BTC against the USD and Bitcoin. The coin had a market cap of $13,560,991,767 on the same date with a 24 trade volume of about $1,063,226,502.
XRP Price Prediction 2019: The Price of XRP Will Reach $1 by Year End – XRP USD Live Price
The price of XRP is currently on an upward trend since 2019 began (despite some brief hiccups). After a few months of showing sideways movement, the price of XRP has gained some level of momentum. The coin’s all-time value was at $3.84 which can be crossed this year to set a benchmark. The price of XRP has raised many questions, especially issues related to its movement. The coin’s slow movement isn’t bringing any respite to traders who expect good results for the digital asset.
Although some of XRP’s recent partnerships have managed to build the reputation of the coin, the price of XRP continues to drag itself. XRP coin could reach $1 by the end of this year. It can also cross the $10 barrier by 2022.
Although the movement of the price of XRP is slow, it will definitely go higher and accumulate huge gains in the near future. Investing based on the current price of XRP will be the best bets.