SWIFT not joining hands with RippleNet | Fake News,ripple xrapid,Blockchain,ripple swift,SWIFT Payments,RippleNet,Ripple,Ripple Fake News,swift,Ripple SWIFT Partnership
coinspectator -
Generally considered the world’s third-largest cryptocurrency, Ripple (XRP) recently experienced an astounding 14 percent rise, temporarily replacing Ethereum as the number two ranked cryptocurrency for what is now the fourth time over the last year. While much of the discussion has been centered on XRP surpassing the circulation of ETH briefly, and whether a time will come where it can bypass it for a sustained period, it’s worth looking at some of the reasons why this rise happened. This news comes on the heels of September’s announcement of a partnership with the National Commercial Bank, a Saudi institution that boasts more than five million customers worldwide.

Ripple’s global head of infrastructure, Dilip Rao, has confirmed that along with Saudi Arabia, financial institutions in Kuwait, Bahrain, and Oman have already begun the process of utilizing XRP to facilitate cross-border payments, or have begun to run pilot tests on the Ripple blockchain. Although first announced in March of this year, the strategic partnership between Ripple and $80 billion banking titan Santander wasn’t all that clear until the announcement in October of the integration of RippleNet into Santander’s OnePay FC mobile banking app aimed at cross-border payments. The success of this venture will likely play a huge role in determining how other financial institutions approach a possible relationship with Ripple.

Something as minor as a mention in a respected trade journal like the American Banker website, or an extremely tenuous suggestion that we could see XRP payments integrated with ApplePay by way of a Tweet by crypto-wallet provider Wirex can be enough to send the cryptosphere into overdrive, with proclamations of Ripple’s XRP rallying on “news of ApplePay option.” On a number of occasions XRP has risen above ETH in becoming a distant 2nd to bitcoin, but each time it has run out of steam and slipped back. Both crypto assets remain close in the race to establish the most prominent alternative to the industry mainstay, but with a $700 million edge on Ripple’s $21.2 billion valuation, Ethereum is still out in front. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full



read more