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XRPChat community: Ripple, Santander, and LianLian in a partnership with American Express?

Anirudh VK



XRPChat community Ripple, Santander, and LianLian in a partnership with American Express?
Source: Unsplash

Speculation ensued in the XRP community as user slinuxuzer discovered a connection between Ripple, Santander, American Express, and LianLian. Reportedly, these companies are teaming up to deal in China, tapping into a potentially huge market for cross-border payments.

The user slinuxuzer is a member of the XRPChat forum and started going down the rabbit hole after seeing an allegedly leaked job posting at American Express. The job was reportedly in the FXIP division, which is AMEX’s cross-border payments group specializing in business-to-business payments.

The posting in question said:

“In 2018 we are introducing a block chain solution with Ripple and Santander. This is an exciting time to join the FXIP organization as we increase our focus on growth…”

Job Listing on AMEX Website

Job Listing | Source: AMEX Website

This listing was then purportedly replaced with one that did not mention Ripple or Santander. However, according to the unedited listing, it can be assumed that Ripple and Santander are partnered with AMEX, more specifically the FXIP wing.

Since the FXIP division deals with cross-border business-to-business payments, Ripple’s products for fast settlements across legacy banking systems would provide an effective strategy for the company.

Moreover, American Express was the first US-based credit card company to be granted authorization back in April, according to a Wall Street Journal article. The authorization to operate in China will be a joint venture with LianLian, which is a leading mobile payment provider.

The nail in the coffin that seems to drive home this speculation is that LianLian and Ripple entered into a partnership in Q1 of this year. This links together Ripple, Santander, LianLian and American Express through tenuous links.

As slinuxuzer said:

“Finally, the last thought I had as part of this is, maybe Ripple’s strategy here isn’t to sell xRapid directly to the masses, but to team up with a known and trusted brand like AMEX, so the sales conversations aren’t as strained as “hey use this space age technology, from a very new company” but instead “please use this cheaper, faster service, from a hundred year old brand whose commercials you’ve seen your entire life”.”

This news must be taken with a grain of salt, as it is still speculation from unconfirmed sources.

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Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and interest towards the future of blockchain technology and cryptocurrencies. He does not own any cryptocurrencies currently.


Has XRP decoupled from Bitcoin? Is it due to immense pressure from manipulators?




Hash XRP decoupled from Bitcoin? Is it due to immense pressure from manipulators?
Source: Unsplash

Opinion: Bitcoin, the first cryptocurrency, has had over ten years to grow. However, other altcoins did not have the liberty, due to which Bitcoin exerts its dominance over almost all altcoins in the ecosystem, be it Ethereum, XRP, or Cardano. The price of altcoins generally tends to rise if Bitcoin’s price surges rapidly. The same can be said about the downtrend as well, which is why altcoins are said to be coupled with Bitcoin.

However, the recent buzz on crypto-twitter is that XRP is on the verge of decoupling from Bitcoin. A Twitter user @XRPMOONSHINE tweeted:


In a very general sense, the comparison of the price change of XRP and BTC gives a crude understanding of whether the prices have actually decoupled or not. Hence, the daily chart attached below shows the price of BTC and XRP against the US Dollar and extends from August 2018 to April 2019. The price of XRP seems to be following a lag from the price of BTC and do not necessarily mean that it has decoupled.

However, there are timeframes where the price of XRP has moved completely unrelated to that of Bitcoin. For example, the meteoric rise of XRP from September 18 to 22 was far higher than the price pump of BTC over the similar timeframe; but the drop of XRP from November 18 to December 16 was exactly the same as that of BTC’s.

Furthermore, XRPMOONSHINE suggested that XRP price was being manipulated. He tweeted:

“It is being manipulated to keep it from rising. For example look at XRP/BTC pair. Keeping it under the down sloping resistance from .80 in September. Thats what I mean by Suppressed, Although im expecting a fairly large move to the upside before 4/24/19.”

The “idea” of the price of XRP being manipulated is not unpopular within the XRP ecosystem as Peter Brandt, a famed trader, suggested the same in one of his tweets.

Brandt tweeted:


XRP may have started to decouple from Bitcoin, but it surely hasn’t decoupled completely. The notion that XRP is being manipulated to keep its price below certain levels can also not be confirmed without proof.

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