Ripple (XRP) has been the third-largest cryptocurrency by market cap for the past few years, thanks to its unique technology and business model. While other crypto projects have been focused on providing services to retail investors, Ripple focused its creativity on providing services to financial institutions.
Its technologies like RippleNet and the digital coin XRP, are now used by hundreds of financial institutions around the world to carry out cheaper and faster cross-border transactions.
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By playing such an essential role in the crypto space, we must keep in touch with the latest Ripple news in spring 2020.
Some of the latest Ripple XRP news that you may have missed
In the first three months of 2020, the crypto sector has experienced interesting developments, and Ripple is not left out. There have been several developments within the project’s community that are likely to affect the cryptocurrency’s performance in both the short and long term.
When it comes to Ripple coin news, we need to first look at the cryptocurrency’s adoption rate. XRP remains one of the most highly used digital coins around the globe, thanks to the Ripple technologies gaining widespread adoption from financial institutions worldwide.
On 6 February, Ripple partnered with Azimo, Europe’s leading digital money transfer service. The partnership sees Azimo using Ripple’s On-Demand Liquidity solution (ODL) to send faster and cheaper cross-border payments to the Philippines. They are also planning on expanding the market beyond the Philippines before the end of the year.
The partnership between RippleNet and Coinone has been yielding positive developments for the cryptocurrency in South Korea. Moreover, the success has seen a few other remittance companies in the country adopt Ripple technologies for cross-border transactions. Sentbe, a money transfer service provider, is adopting Ripple technologies to offer an easier, faster, and more convenient…