XRP News Now – XRP price has not quite picked up the pace as digital asset investors seem not to be reacting enough to encouraging developments surrounding Ripple (the company), MoneyGram and American Express. XRP live price USD did show a small rally just after the news of Ripple MoneyGram partnership but the xrp price rally was short-lived and the cryptocurrency now trades at a slight gain from the last 24 hours. XRP price prediction 2019 has been optimistic following the developments but we’ve not seen sustained momentous gains just yet.
XRP News Now – Ripple Partnership with MoneyGram is A Big Deal
Less than a fortnight ago, the CEO and Chairman of MoneyGram Alex Holmes confirmed a partnership with fellow fintech company Ripple. During an interview with Cheddar, Holmes hailed the cryptocurrency company as disrupting the traditional cross-border payments with digital assets. With the partnership, MoneyGram will adopt Ripple’s technology for its back-end global settlement process which will result in a faster real-time transfer of money.
In effect, MoneyGram will be using Ripple’s x-Rapid product and this makes it a big deal for digital asset investors because x-Rapid involves the use of XRP tokens to facilitate transactions settlements. After pilots and a relationship with Ripple that has spanned 18 months, MoneyGram gave Ripple a vote of confidence as the cryptocurrency company agreed to invest $50 million to purchase MoneyGram shares. MoneyGram shares witnessed a historic price jump of 152 percent.
XRP News Now – American Express Blog Stirs an XRP FOMO
A blog post on American Express (Amex) blog which puts Ripple and Ripplenet in good light gained traction last week causing what a cryptocurrency publication referred to as a misplaced FOMO among digital asset investors. The blog written by a guest AMEX author highlights the disruptive potential of Ripple and its products in cross-border payments. While there have been reports that Amex started using Ripple’s xCurrent in 2018, the blog seemed like a fresh endorsement of the cryptocurrency company which recently agreed to acquire a $50 million stake in MoneyGram.
Alas, it wasn’t exactly so.
A Twitter user and XRP follower aptly pointed out that the Amex blog post that mentioned Ripple’s blockchain technology was an old blog post which written in 2018, just about the time the bank showed interest in Ripple’s technology.
XRP News Now – Ripple Empire continue to Grow with xRapid endorsements
xRapid, the Ripple’s product which uses XRP tokens for liquidity to facilitate cross-border settlements is gaining momentum as more financial institutions adopt the system. Marjan Delatinne, Ripple’s global head of banking, announced that 20 financial institutions were already using the xRapid which was launched last October. During an interview with Global Trader Review, Delatinne explained that the banks were drawn by the impact xRapid has on cross-border remittances.
XRP Price Now – XRP to USD
At the time of writing, Ripple (XRP) is trading at $0.4 to the USD about 2 percent better than it traded 24 hours ago. In the last 7 days, however, XRP price has not improved; 0.01% compared to bitcoin at 12% according to data from CoinMarketCap.
Riccardo Lopp is a writer specializing in Crypto, ethereum and whole blockchain ecosystem. His background is in economics and statistics.
