It’s that time once again, Ripple’s wave of growth hasn’t slowed down any and even though it’s barely been a week since my last XRP update, there’s still a bit of good news to cover today.
After a good bit of price fluctuations for Bitcoin and most altcoins this past week, XRP saw a slight jump from $0.375 to $0.426 and appears to be on a trajectory to continue this growth.
But let’s take a look at some of the other exciting news from Ripple this week.
The Boom Continues
Some rather great news transpired earlier this week when it was announced that the Saudi Arabia British Bank (SABB), the soon to be second-largest bank in Saudi Arabia, and the India based IndusInd Bank Limited, a midsize bank in India that has a robust remittance volume, partnered with Ripple for a new remittance corridor from India to Saudi Arabia for their cross-border transactions.
This is yet another huge feather in Ripple’s cap as India counts for more remittance volume than any other country in the world. SABB found Ripple to be the answer they needed to not only help them now, but to provide secure, “future-proof” solutions to enable them to reliably manage transparent and secure transactions.
The last bit I wanted to cover today is the announcement by Franck Muller, a renowned luxury Swiss watchmaker famous for launching exclusive lines of unique timepieces that feature something that is beyond the imagination, that he will be launching a Cryptowatch.
Of course, to be in this article it means that along with 6 other cryptocurrencies, Mr. Muller will be including XRP in his new crypto wristwatch. While I’m not exactly sure how a Cryptowatch works other than it stores your public wallet address in the form of a QR code, if they’re including XRP and trying to make the use of cryptocurrency easier for everyone, it certainly gets my vote and I will probably have to check it out upon launch.
So that’s it this week, but the next few weeks could be very interesting. Just in the time it took me to complete this article the price jumped to $0.440, so of course I’m looking forward to our next look.
Content provided by CryptoTraderNews is for informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. All information is of a general nature. As always, there is risk with any investment. In exchange for using our products and services, you agree not to hold CryptoTraderNews Pro, its affiliates, or any third party service provider liable for any possible claim for damages arising from decisions you make based on information made available to you through our services.