The mainstream adoption of blockchain technology continues to pick up steam as stories like Microstrategy using Bitcoin (BTC) to pay bonuses for its board of directors and Topps announcing plans to release nonfungible token collectible trading cards make headlines on a almost daily basis.
As more companies and organizations explore what the integration of blockchain technology can do for them, tokens that offer enterprise solutions and provide simple ways for interested parties to explore and use distributed ledger technology have seen triple-digit gains in 2021.
Stellar (XLM), XRP, and XinFin Network (XDC) are three enterprise-focused cryptocurrencies that have seen their prices outperform the field over the past few weeks as global businesses increasingly look to blockchain to help create a simplified and efficient global trade network.
XRP is perhaps one of the most well-known crypto projects behind Bitcoin and Ethereum as it has a large group of supporters often referred to as the XRP Army for their willingness to defend the somewhat controversial project.
While growth for XRP in 2021 was initially slowed due to regulatory actions by the U.S. Securities and Exchange Commission which led to the delisting of XRP on multiple cryptocurrency exchanges, its price has surged in the month of April.
Trading volume and social activity for XRP picked up significantly in early April when the platform refocused its marketing efforts on promoting how Ripplenet can help create a “more financially inclusive and sustainable future.”
The refocus also included the acquisition of a 40% stake in cross-border payments specialist Tranglo on April 5 and the announcement of a partnership with Mercury FX on April 9. The goal of these partnerships is to help develop an international payments system throughout Africa, and this coincided with the last major spike in…