Sunday, 09 May, 2021


While Bitcoin and Altcoins slide, one cryptocurrency stands out among the rest

While Bitcoin and Altcoins slide, one cryptocurrency stands out among the rest While Bitcoin and Altcoins slide, one cryptocurrency stands out among the rest
Conrad Doyle | 29 December, 2017, 08:16

The record follows news that the company's Asian subsidiary and a group of Japanese financial services companies announced a consortium.

Ripple, XRP, hit $1,30 on Thursday, December 28th, when it was around $0.25 per coin in December, earlier this month. Ripple has experienced an increase of over 26% during today's trading and is now sitting at $1.40, according to Coinmarketcap (compare that to Bitcoin's decrease of 7% or Ethereum's decrease of 3%). Analysts believe that the price surge in Ripple is partly due to South Korea and partly because of newly formed partnership between SBI Holdings and major credit card companies in Japan.

Each card industry company carries out various initiatives related to FinTech, the card consortium to be established in January 2018 has the aim of researching basic cross-cutting technology and establishing a common foundation for the use of distributed ledger technology.

While Bitcoin and Altcoins slide, one cryptocurrency stands out among the rest

"Asians are going mad for Ripple", Alexey Ivanov, CEO and cofounder of Polynom Crypto Capital, a Moscow-based cryptocurrency and blockchain investment fund manager, told Forbes. Almost a third of that volume has been generated on South Korea's largest cryptocurrency exchange Bithumb, where prices have surged above $1.40.

After the recent crash below $12,000, Bitcoin price begins to stabilize, raising at more than $4,000.

Founded in 2012 by what was then known as Ripple Labs, XRP aims to use blockchain technology to speed up cross-border money transfers and bank settlements.

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