Ripple’s Digital Asset XRP Surges Over 13% Following Hints That It May Be Linked To Apple Pay Via Wirex
Recently, rumors have been suggesting that XRP may be linked to Apple Pay via Wirex.
This addition is still a work in progress, but it has been seen as some really positive news by the XRP trader base and by the whole enthusiast community.
Ripple and XRP are in the spotlight for a long time
XRP and the company behind the digital asset, Ripple have been in the spotlight for quite a while now, and the coin is still one of the hottest topics in the crypto community.
The digital asset is backed by a massive community indeed, but we have to admit that it has also been slammed by lots of cryptos and skeptics who have been claiming all kinds of things related to the coin.
For instance, XRP has been seen as potentially taking part in interbank payments even the need to hold and use the asset is still not very clear.
XRP is already working as a means of online payment for small-scale social media use.
— Michael B ⚡️💧 (@XRPMichaelB) November 5, 2018
On the other hand, there are also the more enthusiastic crypto lovers who believe that XRP holds the ability to displace the SWIFT traditional system and they see the coin’s price rising much higher despite the large supply of XRP.
$478,927,203,065.13 / Daily Volume
10% of Daily Volume = 18,161.3% increase
$0,50 x 18,161.3% = $90,80
And that’s only 10%, you can easily figure out what it would mean if we calculate the whole thing with 100%!
— The Crypto Candy 🍭 (@TheCryptoCandy) November 5, 2018
XRP surges over 13% in the past 24 hours
Ripple’s coin’s price surged more than 13% over the past 24 hours, and it’s trading in the green at the moment as well, being priced at $0.528795 on CoinMarketCap.
During the past week, Ripple has seen lots of progress regarding adoption and the integration of its blockchain-0based liquidity products.
CCN reported that during the Global Islamic Economic Summit 2018, Ripple’s global head of infrastructure Dilip Rao had revealed the company’s plans to expand into the Middle East with an office in Dubai:
“I think the UAE government saying that 50% of all government transactions will be on distributed ledger technology by 2020 is a fantastic way to encourage innovation, to bring Fintechs to your market and then to then build the capability locally to iterate on those solutions that the Fintech bring to you.”
This strong run that XRP just experienced doesn’t really hit us as a surprise after the 20-day consolidation period that the coin has experienced.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.