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Ripple Latest Updates and XRP Market Analysis

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Ripple has partnered with yet another large bank CIMB Group which is the 5th largest bank in Asia. CIMB Group announced that it will implement RippleNet Software to process cross-border payments. Ripple’s XRP has also crossed ETH and secured the 2nd position according to the market capitalization.

 

CIMB Bank to use RippleNet

According to sources, CIMB Bank is the 1st bank in Asia in order to implement blockchain technology in such a place where the payments are small in value but the amount of transactions is very high.

SpeedSend, which is CIMB Bank’s platform with use RippleNet to improve the transactional speed and costing for international payments.

 

XRP Crosses ETH

XRP which is Ripple’s native token has crossed ETH is terms of market capitalization. The Ripple Company says that their token XRP and Ripple are not interlinked but it is always seen that as Ripple extends its partnerships with banks over the world, the price and market capitalization of XRP tends to rise.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

2 comments

  1. XRP is something that we can all own worldwide but you will never own a piece of ripple by owning XRP .

    Ripple only promotes XRP ‘s use cases through using it. Many other organisations are now using XRP so as more organisations start to use XRP and also rippples XRP products then of course XRP will grow.

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Bitcoin likely to return to $6,000 according to Wyckoff Logic

The price of the leading cryptocurrency failed to maintain an upward momentum when it crossed above $10,000 mark a...

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