Friday, September 25, 2020
No menu items!
  • News
  • XRP News
  • Contact Us
More

    Veteran Analyst: Ripple Could Disrupt Cross-Border Payments Industry

    Must Read

    Crypto Whales Moved $319 Million in BTC, ETH, and XRP As Market Recovers

    According to recent data, crypto whales are moving millions of dollars in Bitcoin (BTC), Ethereum (ETH), and Ripple’s digital...

    Cambridge Study: 100M People Worldwide Now Hold Bitcoin and Other Crypto-Related Assets

    As a notable indication that cryptocurrency is going worldwide, the research conducted by the Cambridge Centre for Alternative Finance...

    XRP Ledger Foundation Officially Launched

    According to a latest information, XRP Ledger Foundation has been launched officially. This update was shared via the official Twitter...
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    A veteran analyst, Mike McGlone, who is the senior commodity strategist at Bloomberg, has reportedly averred that Ripple, the blockchain tech based in the United States, is capable of causing disruption in the cross-border payment industry.

    McGlone believes that Ripple could challenge other big techs in the payment space, but its exposure to the digital token XRP and the volatility in the cryptocurrency market could stand as hindrances.

    The veteran analyst shared the below thought in his April 2020 Crypto Outlook report.

    He said:

     “Ripple Labs’ 2019 partnership with MoneyGram suggests markets still see the potential for disruption in cross-border payments, yet Ripple’s exposure to its own cryptocurrency threatens its enterprise software venture. The project’s investors, including Mastercard, Visa, Capital One, Citigroup, and Bank of America, are likely just hedging.

    “Governance, scalability, standardization, and security concerns provide a healthy moat around the existing infrastructure, such as Swift.

    “If nonbanks could access central bank money directly, it could create unintended consequences for the Fed and disintermediate commercial banks’ role as credit creators and maturity transformation machines.”

    55.8 Million XRP Moved

    According to the account of XRPL Monitors, there were movements of relatively 55.8 million XRP some hours ago. About 8 million XRP from the total amount transferred, was reportedly sent between Ripple anonymous wallets.

    XRPL Monitor data says 42 million XRP was moved between XRP wallets owned by Bithumb, while the remaining 5.8 million XRP was sent from UpBit to Bittrex. At the time of publication, XRP is trading at $0.197620, with a 1.13% price upsurge in the last 24 hours.

    XRP/AUD is Becoming Easier to Trade than BTC/AUD on Australia’s BTC Markets

    According to a report shared by an XRP enthusiast, Janna One Trick, via her Twitter handle, trading XRP/AUD is becoming easier than BTC/AUD on Australia’s BTC Markets. In the tweet, she captioned the data that justify the report.

    XRP/AUD is about to become easier to trade than BTC/AUD in BTC Markets 80% of the volume displayed comes from ODL (1.8kk / 2.2kk) XRP/MXN still has ways to become more liquid than BTC/MXN, because more volume 92% of the volume displayed comes from ODL (3.5kk / 3.8kk),” Janna One Trick.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Crypto Whales Moved $319 Million in BTC, ETH, and XRP As Market Recovers

    According to recent data, crypto whales are moving millions of dollars in Bitcoin (BTC), Ethereum (ETH), and Ripple’s digital...

    Cambridge Study: 100M People Worldwide Now Hold Bitcoin and Other Crypto-Related Assets

    As a notable indication that cryptocurrency is going worldwide, the research conducted by the Cambridge Centre for Alternative Finance shows that 100 million people...

    XRP Ledger Foundation Officially Launched

    According to a latest information, XRP Ledger Foundation has been launched officially. This update was shared via the official Twitter handle of the newly launched...

    Chainlink (LINK) Now Available To Users in Over 2.2M Hotels and Homes

    In a tweet shared on 23rd September 2020, Travala.com, a crypto-friendly traveling booking service, informed the cryptocurrency community about the integration of Chainlink (LINK)...

    Ethereum 2.0: User Outlines Why He Would Not Stake ETH at Launch, Danny Ryan Weighs In

    There have been concerns over the risks of staking the digital token ETH on Ethereum 2.0 at launch. In this regard, a supposed Ethereum...

    More Articles Like This