Published: Tue, September 25, 2018
Markets | By Noel Gibbs

XRP (XRP) Market Capitalization Achieves $22.78 Billion

XRP (XRP) Market Capitalization Achieves $22.78 Billion

This problem is more pronounced in emerging markets, according to experts, but even American banks can not keep up with challenger banks in terms of delivering funds to clients in near-real-time.

In a recent research published by BIS, they conclude that regulatory announcements play an important role in the price movement of Bitcoin and other cryptocurrencies.

If and when that happens, the value of XRP should improve. PNC bank, which reportedly has over 8 million customers and a market capitalization of $380.7 billion, will use Ripple's financial products to create "an immediate impact on ... enabling PNC's commercial clients to receive payments from overseas banks in real time".

After a significant price hike, XRP bulls are on a breather right now.

China Imposes New Tariffs on US, Accuses Washington of 'Trade Bullyism'
The move brings the amount of Chinese goods hit by duties to more than US$250 billion, roughly half of China's United States exports.


The Ripple price has taken multiple hits over the past six months.

Remarkably, since September 18, Ripple's trading volume has skyrocketed from a range of $200 million to $300 million to more $ 4.7 billion, more than 15-fold. Major banks such as UBS and Santander have already adopted Ripple to help in its cross border transactions. It signed an agreement with London-based TransferGo which would see the company make use of Ripple's transfer solutions. We know that it has links with 120 banks, but these companies have been using the similar but separate xCurrent platform. xRapid allows companies to minimize their liquidity costs as the use of Nostro/Vostro accounts is not required as part of the payment transfer process - freeing up funds that would otherwise be tied up for prolonged periods.

Ripple is a fintech company that focuses on global payments, and holds the majority of XRP the cryptocurrency. Also, the partnerships of Ripple are increasing all over the world.

He explained: "This is great news for crypto enthusiasts and the XRP fans, but it remains to be witnessed whether the bullish trend will prevail because the current market conditions have seen that almost all cryptocurrencies lost a great deal of their value since the beginning of the year".

Petr Cech: Arsene Wenger put style above winning at Arsenal
But Silva has just one win from his opening six Premier League games, that coming against Southampton in his second game. This is not sometimes how you win the league.


This latest development is another milestone by Ripple which has been making moves to ensure that it becomes a powerhouse in the remittance and cross-border payment industry.

According to Sarbhain, there are around 120 banks and financial institutions that are already partnered with Ripple.

The bank's Treasury Management division will begin accepting cross-border transactions using the firm's xCurrent product, Ripple's senior vice president, Asheesh Birla, told CoinDesk Wednesday. And I think some in the crypto community have been very much, 'How do we destroy the government. It seems unlikely that such a move was simply caused by salty ETH fans not wanting to see their favourite crypto project take third place behind a coin that many dismiss based on its links to worldwide banking institutions.

Kawhi Leonard of Toronto Raptors focused on this season, not future
Leonard played only nine games for the Spurs last season because of a quad injury. Asked what went wrong last season, Leonard said, "I have no regrets".


Like this: