Ripple Continues To Expand While XRP Keeps On Struggling, Which Means More Now Vs Later?
Ripple Continues To Expand While XRP Keeps On Struggling
- Xendpay uses Ripple for faster, easier, and secure transfers
- xCurrent 4.0 is live and in use
Fidelity Going To Stick To The Top Ones Like BTC & XRP, Bitcoin Proponent
Xendpay is one of the latest customer of Ripple that continues to expand its reach all over the globe. In order to make international transfers faster, easier, and secure, Xendpay is facilitating cross border transfers with Ripple technology to Malaysia.
Powered by Ripple, Xendpay is helping the people of Thailand, Philippines, Indonesia, Vietnam, Bangladesh, South Africa, and others.
xCurrent 4.0 is Live
In response to an XRP enthusiast, Ripple CTO, David Schwartz revealed that xCurrent is already live.
“4.0 is live. We're working to get all customers upgraded, but it's a complex process. Multihop, xRapid support, much easier peering, and a much easier customer integration process are the major new features,”
Back in late 2018, Ripple SVP Asheesh Birla had shared what this xCurrent version entails. The new version enables one to use xCurrent software to plug into on-demand liquidity using xRapid, that uses XRP.
Taking about the upgrading Schwartz shared that can be a “bit painful” because the architecture is different. The upgrading he says requires customer middleware.
XRP’s Fidelity & Bakkt Potential
We already know the latest Bakkt’s acquisition of an institutional custody solution Digital Asset Company supports XRP Ledger.
Now, in the recent Crypto Trader episode, Anthony Pompliano, Founder of Morgan Creek Digital Capital shared how Fidelity will “stick” to the top cryptocurrencies like BTC and XRP.
“It is at least good that they have given a timeline for the launch. Fidelity is similar to Binance in a way that they both are well accepted in the community where the upper management is all pro-Bitcoin. When it comes to trading, pension endowments, and other important financial features, Fidelity is not going to think about the bottom 99. They are going to stick to the top ones like Bitcoin and XRP,” Pompliano said.
Meanwhile, XRP Price Remains Stable
Price wise XRP is not doing good at all. While the last six months of the cryptocurrencies show an incline, it has been the opposite with the third largest cryptocurrency. While many cryptos have already touched their bottom and have been moving away from it ever since hitting it in December last year, XRP has come close to its December low level a number of times.
XRP/USD Chart, Source: TradingView
Till date in 2019, XRP is down over 15 percent while at the time of writing, it has been trading yet again below $0.30 with 24-hours gains of 0.01 percent.
XRP is maintaining stable prices while continuing to add banks and financial institutions and as have been revealed in Ripple’s Q1, 2019 report, institutional investors are also interested in XRP, so it’s to be seen if in the near future it will continue to maintain its stability or eventually shoot up.