Apple added a listing of Ripple’s XRP token price in their stocks app. This will allow Apple users worldwide to stay up to date on the prices of the cryptocurrency.
The coin has been listed with a wide variety of pairings, with users reporting pairings with 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]. It also features pairs for Ethereum [ETH] and Bitcoin [BTC]. The tracking information for the prices is reportedly run by Nasdaq, with USD pair tracking managed by Bitstamp.
This marks the integration of cryptocurrencies into Apple’s stocks app. Earlier this week, Justin Sun’s Tron currency also saw an integration into the app. However, Ripple has the highest number of pairs than any other cryptocurrency on the app, signifying that global exchanges may have come on board.
The community grew excited at the news, with users posting notifications of the development. User EXTRA HARDCORE XRP said:
“Apple has officially included $XRP pricing! Just add XRP-USD to your Stocks app. 1B @Apple users around the will be able to keep on top of #XRP market info. Come grow with us!”
Jiminy Crypto commented on Twitter:
“Same as everyone else though….everyone loves the tech…never announce xrp is part of their plans though”
The price of the token has seen a slight increase since this development occurred, with a hike from $0.60, where it was trading previously, to $0.61, which is its current price. Ripple has suffered the bearish market like every other coin this past week.
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Ripple’s initiative invests in Bolt Labs to improve secondary payment channels and expand interoperability
Ripple’s arm, Xpring which invests and incubates in companies and individuals which help improve the XRP ecosystem, invested in Bolt Labs. With the new investment, Xpring hopes to develop solutions that will help improve the security of secondary payment channels and increase the interoperability by integrating with the ILP.
Bolt is a private, off-chain scaling solution which was built on top of Z-cash, a privacy-focused cryptocurrency, has attracted more than a few well-known investors in the crypto-space and Ripple’s Xpring is one among them. In a blog, Bolt Labs said that their solution will focus not only on ZCash but also other publicly available cryptocurrencies that do not have inherent on-chain privacy features.
It also stated:
“The potential for these implementations to be networked together with technologies like Interledger opens the potential further for cross-chain interactions with these privacy guarantees baked in.”
The above statement suggests that they might have a “potential” implementation for these on Interledger Protocol [ILP]. ILP was created at Ripple developed by the Interledger W3C Community Group. ILP aims at connecting two different blockchains, to integrate two different ledgers and have seamless operations between them.
This would vastly benefit the payments industry, which is facing a revolution at the hands of a nascent technology like blockchain. Ripple, a payments provider, which is leveraging cryptocurrency and blockchain to facilitate faster payments, would benefit largely from this partnership. In addition, this could also signify a potential development on the XRP Ledger and its on-chain/off-chain privacy and the currency, XRP.
A Twitter user @XRPCentre tweeted:
“If the solutions being developed by the company are able to improve the privacy of the ILP transactions, they would also be enhancing the privacy of XRP/ILP payments, which is a very demanded feature…. It’s all about interoperability and destroying network effects. If ILP succeeds in being the best protocol for cross-protocol/ledger transactions, you’d naturally search for the best asset therein.”
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