This week Galaxy Digital’s CEO Michael Novogratz said that cryptocurrency prices have reached bottom and he expects bitcoin to bounce back. Well, today Bitcoin hit a two week high, climbing past $6,700 and Ether gained more than 9% over the past 24 hours. Ripple’s XRP really stands out as it gained more than 40% over the past 24 hours. The upcoming launch of the commercial version of Ripple’s payment platform xRapid is giving XRP a well needed boost. The service helps financial companies such as payment providers speed up money transfers into emerging markets using XRP.
This week Ripple also announced that one of the top 10 banks in the US, PNC Bank has joined RippleNet.
PNC customers will be able to receive real-time cross-border payments.
And this month the National Commercial Bank decided to join RippleNet. Ripple previously participated in a pilot with the Saudi Arabian Monetary Authority.
Thanks for watching and don’t forget to share with us your predictions in the comments below. Please remember this is news, not investment advice. Have a nice weekend.
Sources:
https://ripple.com/insights/national-commercial-bank-of-saudi-arabia-joins-ripplenet/
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