XRP May Be Primed For A Bull Run As Ripple Teams Up With Blockchain Analytics And AML Platform, Coinfirm

Ripple News Today – Ripple has no intention of slowing down in its journey to revolutionize the cross-border payment sector. The firm understands that regulatory compliance is essential for mass adoption. This is one of the reasons why banks and other financial institutions have been skeptical about using XRP and other technologies by Ripple. No one wants to get into trouble with the financial regulators not even a digital asset investor who is ready to invest millions. However, Ripple recently announced a collaboration with Coinfirm. This partnership may be just what Ripple needs to put the minds of investors at ease. How will the partnership affect the XRP prediction 2019?

Ripple News Today – XRP News Today – XRP Price Prediction 2019 – XRP Prediction 2019 – Coinfirm And Ripple

Coinfirm is a blockchain analytics and anti-money-laundering platform that looks after the analytics potential of cryptocurrencies. It recently announced that XRP has now been integrated in its platform to join Bitcoin, Ethereum, and many other altcoins currently on the platform. The CEO of the firm, Pawel Kuskowski, in a press release, said;

“The market need for blockchain AML solutions…we’re the only one right now that can and is providing this capability for XRP… our foundational vision to be able to service any type of blockchain…one of many reasons why we’ve been able to successfully work with many traditional finance and blockchain industry leaders.”

As soon as XRP is available on the AMLT token network by Coinfirm, illegal activities carried out by criminals using XRP will be reduced dramatically. Taking to Twitter, Ripple posted;

“Sr. Market Intelligence Manager Pegah Soltani discusses RippleNet’s on-demand liquidity solution and how it can impact the entire financial services industry on the latest #RippleDrop. http://bit.ly/2Wvl0EN”.

The announcement about Ripple teaming up with Coinfirm is much needed as the cryptocurrency exchange, Bitrue, was recently hacked. Amid the market wide selloff, millions of XRP and Cardano were stolen from the exchange. This occurrence even made the downtrend more intense. The affected exchange is currently investigating the issue and is certain that 100% of the stolen funds will be retrieved. The Twitter post was as follows;

“Right now we are conducting an emergency inspection of the exchange and hope to be live again as soon as possible with log in & trading functionality. Withdrawals will be offline for a slightly longer period while we continue investigating the situation”

Ripple News Today – XRP Prediction 2019 – XRP Price Prediction 2019 – What Coinfirm Can Do For XRP

One of the main reasons why Satoshi Nakamoto created Bitcoin was to give people the opportunity to transfer or store value through a decentralized system that is secure and free from manipulation. Unfortunately, hackers have been able tor exploit vulnerabilities on exchanges and it is these vulnerabilities that a platform like Coinfirm intends to eradicate.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.220
0.675%

With XRP struggling to gain massive adoption due to regulatory unclarity the team up between Ripple and Coinfirm may be just what is needed to give it the boost it needs. With massive adoption, there will be a spike in price. Hopefully, XRP will be able to reach its full potential.

What do you think about the XRP news today? Will the partnership with Coinfirm be a good or bad thing for XRP? 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.

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