Mega Breakout For Ripple (XRP) As Great News Surfaces
Ripple (XRP) has already established itself as one of the biggest assets in the cryptocurrency industry securing prominent partnerships in the Fintech Industry and beyond. However, over the last week, news of Ripple’s high profile announcements and adoptions has flooded the crypto space.
Ripple is growing at a tremendous pace, and eToro sums it up after a study. The social trading network for multi-asset brokerage has revealed that Ripple is the most popular digital asset on its platform. Ripple’s burst through social media can be linked to the following announcements.
The Kuwait Landmark of RippleNet
Ripple’s payment solutions have undoubtedly had the biggest influence on the Financial industry. Today, Ripple’s xCurrent, xRapid, and xVia payment solutions are finding increasing favor among Fintechs as it provides cheaper, faster, and more efficient cross-border transactions.
Kuwait Finance House (KFH) announced two days ago that it will be joining the list of Fintechs to implement RippleNet. KFH, the biggest Islamic lender in Kuwait is now the first bank in Kuwait to Join RippleNet for instant cross-border transactions.
Ripple (XRP) Gets New Major Listing
Ripple is undoubtedly one of the digital assets with the most exchange listings, however, the Ripple community was overjoyed when Apple announced the listing of Ripple (XRP) into Apple’s Stocks App. Apple made the announcement two days ago, offering its users ten fiat trading pairs, and two cryptocurrency trading pairs with XRP.
Ripple (XRP) can now be traded on Apple Stocks App with the following fiat currencies; US Dollar (USD), Euros (EUR), Great Britain Pounds (GBP), Canadian Dollar (CAD), Indian Rupee (INR), Australian Dollar (AUD), Japanese Yen (JPY), Russian Ruble (RUB), Korean Won (KRW), and Chinese Yuan (CNY). On the cryptocurrency aspect, XRP can be traded with Bitcoin (BTC) and Ethereum (ETH).
Also this week, Ripple got other major listings from Revolut and Uphold. Ripple (XRP) was listed on Revolut alongside Bitcoin cash (BCH) due to ‘overwhelming demand’ from its customers. Revolut is a leading digital banking account that allows users to hold, exchange and perform peer to peer transactions.
Uphold has also announced the completion of the Ripple (XRP) integration. Uphold is one of the most interesting and fast growing exchange platforms, Uphold offers over 1,500 trading pairs with 9 different ways of purchasing assets, including bank transfers, exchange, debit and credit cards.
Ripple’s (XRP) Hollywood Debut
While the news of Ripple (XRP) hitting mainstream attention is about three days old, the significance cannot be overemphasized. The surprise donation of $4 million USD by Ashton Kutcher in Ripple (XRP) while it has attracted significant media attention, it has also helped highlight the beauty digital asset.
The donation of $4 million USD by Ashton Kutcher on Ellen DeGeneres’s Show has demonstrated why RippleNet is payment option of the future. How? It was a cross-border transaction to Ellen’s Wildlife Fund in Rwanda, and the transaction was completed under 15 seconds, also with a token transaction fee. What better debut could a cryptocurrency get on mainstream media?
The Market Status of Ripple (XRP)
Ripple’s price is the only thing left to conform to Ripple’s overall performance. The rekindled bearish trend has seen Ripple along with over 80% of the 1829 cryptocurrencies into the red market zone once again.
As of now, Ripple (XRP) is trading at $0.582 USD after declining by 4.2% over the last day. However, Ripple remains the 3rd largest cryptocurrency with an estimated market cap of $22.8 billion USD. The true expression of Ripple’s performance will become apparent when the market becomes favorable.