The price forecast for this week in regard to Ripple (XRP) is similar to that of the week prior.
XRP is likely to stay within the current range over the course of this coming week. The coin has been on an upward trend lately and has reversed directions. It is now moving forward from $0.29 and is on a bullish run. The current price of XRP is $0.32.
XRP is expected to stay within the current range of $0.30 to $0.40.
In the meantime, let’s take a look at what the community or team behind Ripple and XRP have been up to over the past week.
The Coinbase Revelation
Popular cryptocurrency exchange Coinbase has started promoting its international money transfer service.
The service will utilize Ripple’s XRP and the stablecoin USDC, the latter of which is backed by USD and has its value pegged as 1 USDC = 1 USD. USDC was created with collaboration of Coinbase and large scale crypto firm Circle.
Using this service, Coinbase users will be able to transfer funds to any other Coinbase user internationally in countries supported by the exchange’s service.
Wait? Isn’t That Just a Cryptocurrency Transfer?
The service differs from conventional cryptocurrency transfers in that Coinbase will allow for the conversion of the sent cryptocurrency to local currency. This means that any user who has received this money transfer can simply receive and convert their funds in local currency even when they are sent in XRP or USDC.
The money transfer service will also be provided free of cost for Coinbase peer-to-peer transactions.
How Does it Work?
Choose between XRP and USDC to transfer funds, wait a few seconds for confirmation, conversion, and completion of the transaction.
If Coinbase is not able to conduct the conversion to fiat, the recipient will have to conduct the conversion themselves.
The service has been available since February 28, 2019.
Community and General Activity
The community has members working on applications such as a signing app, with efforts led by XRPL Labs.
Ripple is now a founding member of the International Association for Trusted Blockchain Applications (INATBA). There’s a variety of prominent organizations that are present within the association, members include organizations such as Consensys, SWIFT, Ledger, R3, and others.
The XRP ATP financial product should also be launched on the SIX exchange on the third of April.