Ripple (XRP) Expands its Reach: Is an Amazon Partnership Possible?


Ripple has already established its tentacles in the fintech industry, however, the digital asset is spreading its reach among other new and exciting business cases.

Global real estate store, Propy has announced the addition of Ripple (XRP) as an option for users to buy, and sell on the platform using smart contracts.

Ripple (XRP) Gets Listed on Uphold

Another exciting news for the Ripple community as Uphold Inc. announced full support for the Ripple (XRP) Ledger less than 24 hours ago. Uphold Inc. (a retail banking company) is the company behind Uphold, a cloud-based digital money platform which enables users to buy, hold, convert and transact across fiat currencies, cryptocurrencies and commodities.

Traders on Uphold exchange platforms can now transfer Ripple (XRP) to their wallets after exchanging it with fiat currencies. Although prevalently used in the United States, Uphold is fast gaining attention and widespread adoption as the exchange platform offers over 1,500 trading pairs with 9 different ways of purchasing assets, including bank transfers, exchange, debit and credit cards.

Ripple (XRP) Gets Listed Alongside Bitcoin (BTC)

According to Revolut, due to ‘overwhelming demand’ from its customers, the digital exchange platform has listed Ripple (XRP) and Bitcoin Cash for trade on its platform. Revolut is one of the leading digital banking current accounts that allows users to hold, exchange and perform peer to peer payments.

Revolut Ltd.’s initial plan did not include cryptocurrency exchange, however, the company is now embracing cryptocurrency as a means of payment, with Bitcoin, Litecoin, Ethereum and Ripple also available on the platform and accounting for more than 100,000 transactions daily. Revolut has a token transaction fee of 1.5 percent for every crypto related transaction.

Could Ripple (XRP) Seal the Amazon Partnership?

With more companies and Fintechs turning to Ripple for its quick transaction speed of 3.3 seconds and infinitesimal charges of $0.0004, the rumors which have been around for months that leading online retailer Amazon could turn to Ripple for its outstanding performances could become true.

Ripple has enjoyed increased acceptance in the last couple of months, due to its remarkable payment solutions, something that Amazon would like. With the recent TRON – Alibaba partnership, Amazon could decide to follow suit before the fall of the year.

Price and Performance of Ripple (XRP)

Ripple’s impressive run of widespread adoption is not the only remarkable achievement of the digital asset. Ripple (XRP) has always been among the top performing cryptocurrencies and has once again confirmed that, showing enough strength to keep on pushing, despite almost 70% of the crypto market slumping into the red zone once again.

Despite a majority of the market being down including the likes of Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), Ripple has stayed in the green. Ripple (XRP) is trading at $0.622 as it clings on to a 1.45% value rise from the last 24 hours. Ripple maintains its position as the third largest cryptocurrency with a market capitalization of $24.411 billion USD.

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