XRP Price Gets The Green Light As Falcon Private Bank In Switzerland Adds Support for XRP

Ripple News Today – If you’ve been paying attention to the cryptocurrency market trend since the beginning of the year, you’ll know that XRP is one of the worst performing cryptocurrencies among the top ten. The third largest cryptocurrency per market capitalization has been stuck in a descending trendline for such a long time that members of the cryptocurrency community now refer to XRP as a stablecoin. Apart from the few times when the price took large jumps forward, the bears have mostly maintained control of the market. This is discouraging because the XRP price prediction 2019 in the beginning of the year was bullish against the USD. Six months later, XRP is still stuck in a descending trendline. Irrespective of the poor performance of XRP, the token is making waves along with Ripple across the globe.

Ripple News Today – XRP Gets Minor Gains As Ripple Gets Listed in Falcon Private Bank

Falcon Private Bank is a 50-year old bank based in Switzerland. The bank, like many other financial institutions across the globe, acknowledges the limitless potential of blockchain technology. This is why it developed a blockchain-based system that allows its customers to make use of digital assets at will. The bank stated;

“Falcon has developed audited processes allowing to execute a broad range of transactions with blockchain assets – in line with regulatory and compliance requirements. Clients can purchase cryptocurrencies via the bank, directly transfer them to and from their segregated Falcon wallets, and convert them into fiat currencies.”

Already, the Bank had Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) available. The blockchain solutions provided by the bank are ideal because they are convenient, regulated and secure. So, those who are interested in cryptocurrencies but do not want to use unregulated platforms will be able to enjoy regulated services. Now, the company has announced that XRP and XLM, the top two banker’s coins have been added to its list of acceptable blockchain-based assets.

Taking to Twitter yesterday, the company announced;

“Proud to introduce trading and custody for XRP and Stellar Lumens. Discover our full range of blockchain solutions.”

XRP (XRP) Price Today – XRP / USD

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Using the blockchain-based platform, clients of the bank can send and receive cryptocurrencies through their Falcon segregated wallet. Apart from the sending and receiving of cryptocurrencies, the Bank also provides custody solutions for those who have tokens in the Falcon cold storage. The bank’s executives said that the demand for small market capital coins on the platform has increased significantly. This is why they are watching these projects closely and will most likely add more tokens in the future. Falcon private bank has joined the likes of ErisX, Bakkt, Fidelity, Seed CX and Intercontinental Exchange in providing custody solutions for cryptocurrency assets.

Ripple News Today – XRP News Today – XRP Latest Update – Current Price Of XRP

At the time of writing, the price of XRP was $0.384459. This means that it is up by 1.29% against the USD and down by 2.38% against the price of BTC. The trading volume over a 24 hour period is $1,160,487,701 and the market capitalization is $16,365,100,783. It it finally lost the support at $0.40 and has been in the $0.38 level since then.

What do you think about the XRP news today? Share your thoughts about the current price action of XRP 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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