Ripple has reached $0.91 yet again moving closer to the $1 mark. With a community of loyal HODlers, Ripple and XRP have both hit the spotlight all the way through this year. With a bag full of collaborations and new launches around like Santander for example, the team is pushing all barriers to hit the benchmark.
Herve Tourpe, a knowledgeable technologist, and online influencer sat down with Jeremy Allaire and Ryan Zagone during a talk where they discussed Blockchain and cryptocurrencies. Ryan Zagone is the Director of Regulatory Relations at Ripple.
Herve Tourpe tweeted:
“For established Blockchain companies Circle and Ripple, there’s no doubt: Crypto assets will become prevalent throughout financial systems soon. As Ryan Zagone puts it, in 2018 we’re moving away from “Blockchain: good, crypto: bad” view, to real applications.”
Bobby Lee, a speculator tweeted:
“Could XRP, Ripple ever be worth as much as Bitcoin is now said $8000 is that even possible for a crypto like XRP?”
With the entire crypto industry on a positive side and expecting further gains in the overall market, this is an additional note from Ripple’s side. Majority of the crypto influencers and popular heads in the space have given out their opinions and statements with predictions and their own perceptions about the emerging technology and the shooting market prices.
Ripple has been growing tremendously for few weeks with the prices gaining traction recently and comfortably sitting a $0.88. The market cap is now worth $35 billion and is still increasing by 5% as observed in the past few hours.
Crypto giants and huge investors have all stated and are waiting to see XRP break the barrier to reach $0.95 very soon before ultimately touching the $1 line. Just like XRP, many other coins are experiencing great increments adding on to the market cap which now stands at a whopping $420 billion. This is an all-time high value as seen in the past 2/3 months and with such pace, it is expected to reach further highs.
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Ripple partners with Brazil’s Front Exchange to launch Simple to ease cross-border remittance
Ripple has been living true to its motto of promoting cross-border payments with low transaction fee lately with a barrage of partnerships and other developments. Last week, Ripple-backed remittance providers such as InstaReM and MoneyNetint made the news by partnering with banks in order to simplify cross-border transactions. After the partnership between BeeTech with Ripple-backed MoneyNetint, another Brazil-based exchange broker, Frente Corretora de Câmbio or The Front Exchange has partnered with Ripple to launch ‘Simple’, a platform created to cater international remittance and tourism exchange.
As cited on the exchange’s website, The Front launched the Simple platform for providing remittance and tourism exchange in partnership with Ripple. Simple will enable Brazilians to make cross-border payments, starting June 2019.
Carlos Brown, the co-founder of Front Exchange, commented on the launch of Simple and said,
“Simple’s user is the average citizen, who has a child living outside the country, for example. This public does not make large remittances, it is a money for the family, and this percentage charged by the institutions ends up swallowing a very large part of the value.”
Brown further claimed that the platform would not charge any transaction fee, but will be based on the gain of spread that the transaction delivered. The correspondents associated with the exchange would act as a FinTech, which would help in the growth of operations. Brown stated:
“We want to win with a high amount of operations and not with a very high spread, like traditional financial institutions.”
The Front Exchange recently opened a representative office in Miami and is looking forward to set-up two more representative offices in Boston and New York. The Central Bank ranked the broker exchange as the 15th largest currency brokerage in Brazil. With the partnership with Ripple and the launch of Simple, the exchange is expected to climb to the fifth place by the end of the year.
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