XRP news today – Ripple has a primary goal of reinventing the financial sector by working with banks to provide cheap, fast and effective remittance across the globe. Per our previous XRP news, Ripple has faced a lot of challenges over time along with the XRP token. Many members of the cryptocurrency community have suggested that XRP doesn’t have what it takes to live up to expectations and is highly inflated and only in the third position due to unnecessary hype. Well, Ripple recently took to Twitter to treasure the XRP army of its goal and growth strategy. This comes around the same time that an XRP price prediction 2019 on CryptoNewz places the price of XRP at $0.50 soon.
XRP News Today – XRP Price Prediction 2019 – XRP Latest Update – XRP Prediction 2019 – Will XRP Hit $0.50?
The rumors about Ripple and XRP not being able to live up to expectations became more intense recently with the poor performance of XRP. Until recently, the XRP token was stuck in the $0.28 – $0.30 range. While the price of Bitcoin and the price of other altcoins were surging, XRP was crawling. It wasn’t until after the Coinbase Pro announced that the price of XRP managed to surge above the $0.46 level. It outperformed Bitcoin and other cryptocurrencies for days increasing by more than 20% within a 24 hour period before it finally started correcting lower in a market wide pull back.
Two days ago, Ripple announced a new use case of the XRP token to put the minds of doubters at rest. Making reference to a new use case of XRP with one of its largest global partners, Ripple posted;
“Learn how @MoneyNetint made its global payments business more efficient and secure after joining RippleNet. http://bit.ly/2X4rrLx”
MoneyNetint provides several financial services to clients across the globe. To make its cheap and fast cross-border payments even more efficient, the company partnered with Ripple by joining RippleNet. Raphael Golan, the business development director at MoneyNetint said;
“We support our customers by facilitating their cross-border payments. Many of them are based in different regions around the globe, but trade with customers in Europe and the US. By utilizing our localized payment network of banks and partners, they are able to process cross-border transactions for a far lower commission than they would in traditional local banks in each of these regions.”
“We knew that if we could cut transaction time from a few days to less than a day, while still reducing costs,” continued Golan. “It would allow clients to invest more time and money in developing their business. We saw that blockchain technology could disrupt the traditional cross-border payments industry but couldn’t find a partner who could provide a professional and reliable platform until we met the Ripple team.”
Ripple News Today – XRP Price Prediction 2019 – XRP Latest Update – XRP News Today – Current Price Of XRP
At the time of writing, the price of XRP was $0.383080. It is down by 1.18% against the USD and down by 0.31% against BTC. The trading volume over a 24 hour period is $1,266,944,218 and the market capitalization is $16,134,076,503. The mid-term target for XRP is $0.50.
What do you think about the XRP price prediction 2019 in our XRP news today. Share your thoughts in the comment section below.