XRP News: Coinfield and Omni Launch XRP Ledger Validators

XRP has made moves to become as decentralized as possible. Recently, crypto exchange CoinField and Omni, storage and rental marketplace launched their XRP ledger validators. Omni received a sum of $25 million in XRP from Ripple, the parent company of XRP after launching on XRP Ledger’s system of trustless validators.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.243
-3.29%

Omni Previously Adopted XRP as Payment Method on Platform

At the start of the year, Omni, an on-demand property rental and storage platform succeeded in raising a large sum through an investment opportunity with Ripple. the company also took it a step further by adopting XRP as a payment option.

All users on the platform do not pay any fee if they choose to cash out with XRP. Omni started out as a storage service in San Francisco and Portland.

The digital currency exchange, Coinfield is now an XRP validator. Thomas McLeod, Founder and CEO of Omni announced this development. He also promised that more updates will be made available as the project runs.

This move by Omni to go live on XRP Ledger validator is one great way to contribute to sustaining the XRP ecosystem. Thomas believes it is a step in the right direction.

 CoinField Also Adopted XRP in the Past

Omni was the only company to have adopted XRP, CoinField crypto exchange did the same thing. In September 2018, the cryptocurrency exchange adopted XRP as a base currency. After some time, it launched 22 XRP based pairs.

The exchange decided to go live on XRP Ledger validator. However, it has not yet made any official announced about the launch of its own XRP Ledger validator.

the XRP Ledger is a decentralized cryptographic ledger which is propelled by a cluster of peer to peer servers. It is basically the home of XRP and is automated for achieving consensus from different participants.

XRP Price Has Been Struggling, But A Breakout Seems Likely

Ripple, the parent company of XRP, has played a large role in increasing the adoption of the token. It has partnered with so many big brands in different regions all over the world include MoneyGram. Recently, a Southern American remittance company partnered with Ripple to reduce the cost of transfers as well as the speed. Still, XRP price is weighed down by the bear crypto market.

Bitcoin has started a steady rise and it took Ethereum and XRP along with it against the USD. The XRP/USD pair crossed the resistance levels of $0.3120 and $0.3150. it gained some traction and made it above the resistance levels of $0.3200 and $0.3220

According to Coin Market Cap, the XRP token is trading at $0.314402 at press time. It has lost about 2% of its value in the last hour. The market cap of XRP is $13,479,256,917 with a 24 hour volume of $933,598,441. As Bitcoin stabilizes over the $10k level, XRP is expected to follow the bullish trend. In the short term, the price of XRP is expected to cross the $0.3120 resistance levels again. From this bullish zone, it can rise even higher before the week runs out.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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