As seen on CoinMarketCap, bitcoin (BTC) has increased by 2.86 percent. Ether (ETH) still maintains its “second in command” status, and it’s currently gaining by 1.24 percent. Ripple’s XRP maintains the number three position, and it has decreased by 0.39 percent. Now, if I scroll down to the top 20, we’re also having a mixed scenario across the board. Cosmos has shot to 15th spot with a 12.99 percent increase!
Now, onto the news! Ria Money Transfer has joined Ripple’s RippleNet blockchain network, in a bid to use xCurrent to facilitate financial transactions. Interestingly, the new alliance appears to be a quite symbiotic one, as Ria has made it clear that Ripple will also be able to use its Digital Integrated Payments Cloud to complement its existing solutions.
Now, onto the second news item for today! Washington state governor, Jay Inslee has signed a bill into law, recognizing and protecting the legal status of electronic documents stored on the blockchain. With the new law in place, blockchain-based documents now have the same or even better credibility as paper documents and all forms of discrimination against electronic documents stored on a distributed ledger, are now prohibited.
Now, onto the third news item for today! More and more residents of crypto-friendly Venezuela are now buying bitcoin (BTC) and other digital assets in a bid to cushion the negative effect of the raging economic crisis in the state. Specifically, in the final week of April alone, Venezuelans spent an impressive 36.5 billion Bolivars (roughly $3 billion) on bitcoin (BTC).
So what are your thoughts on this situation?
Do you think Ripple’s latest partnership with Ria is the exact catalyst for mainstream adoption of xCurrent? What are your thoughts concerning the new blockchain bill passed by the state of Washington? And what are your thoughts about the increasing adoption of cryptocurrencies in Venezuela? Will it spur other jurisdictions facing similar problems to turn to bitcoin?
Let me know what you guys think below, If you liked the content please subscribe and watch our latest videos. It’s Cindy with CryptoPig, Catch you guys around!
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