This new development was hinted via the Micro-Blogging platform Twitter a couple of minutes ago by Liquidity Index Bot.
This seems to be an indication that there has been an increase in the transaction of XRP against Philippines Peso (PHP) for a couple of days, which resulted in a 79% increase.
Image Credit: Doc.Google.com
Liquidity Index Bot shared this, “Liquidity Index for Coins.ph XRP/PHP (28-day moving trend) Day progress: 79% Today so far: 1,973,579 All-Time High: 1,792,356.”
— Liquidity Index Bot (@LiquidityB) January 27, 2020
XRP Now Available on BitPay Platform for Cross-border Solution
A couple of days ago, BitPay, the leading blockchain payment technology announced the integration of Ripple’s digital token XRP on its payment platform.
This shows that XRP, the 3rd largest digital currency by market cap has now joined the company of other cryptocurrencies that are already accepted on the payment platform BitPay.
As related by BitPay, clients can now pay BitPay invoices with the cryptocurrency specifically made for global payments. XRP was reportedly added on the payment platform to serve as a cross-border payment solution.
XRP and other Digital Currencies in the Market
Virtually all the digital currencies in the market are still showcasing price growth consistency. Bitcoin (BTC), the first and the largest cryptocurrency by market capitalization has experienced a relatively 4% price increase so far, based 24 hours estimation.
Bitcoin Cash (BCH) is also exhibiting a similar trend as the price trend of BTC mentioned above. The Ripple’s digital token XRP has not actually experienced a significant increase like the two coins previously mentioned.
However, the XRP price is not distinctly down either. At the time of filing this report, XRP is trading at $0.232572, with a 0.77% price uptrend in the last 24 hours.