In the sector of cross-border payments, Ripple could become one of the leading platforms
A major US consumer protection authority in Ripple an important service provider in the field of cross-border money transfers. This speaks for Ripples leadership role
The Ripple Foundation will play a leadership role in the remittance industry, as a regulatory analysis. The Consumer Financial Protection Bureau (CFPB) is in the “continuous growth and the growing partnership network” of XRP is significant potential for a far-reaching acceptance with a view to cross-border payments and Transfers.
A new at 11.05. published paper the CFPB comes to the realization that the XRP of the “banks and credit unions” could be used as a transfer medium, in order to define exact amounts for transactions, the recipient of the money shipping pay.
The CFPB report sees Ripple clear “bearish”
Although the report does not attest to an important role for Ripple; the CFPB anticipates a wide acceptance of the Blockchain network.
The analysts see the Ripples the situation as not simply when it comes to the replacement of already established systems. The US consumer protection authority is relying on in-house far-reaching expertise with available feedback, as well as economic estimates. These help to make on the market represented networks to forecast.
The present report looks at “short – term and medium-term” issues for new payment systems. Nevertheless, the Ripple could benefit, although there are many challengers on the market. The Ripple user numbers could continue to rise, if the approach continues in the so-called Mainstream.
Ripple now has a network with hundreds of banks and other known financial institutions. One of the biggest newly announced cooperation partner, the company SBI Holdings, thanks to the XRPs in existing transaction systems further expanded could be.
SBI Holdings is one of Japan’s largest financial service providers, is currently planning the Integration of Ripples of payment and settlement systems in the Japanese ATM system (ATM).
XRP is weakness to recognize
At the weekend, was able to recover Ripples XRP and in the context of a price rally to a trading price of about 0,205 USD to rise. Yesterday, the price dropped. Yesterday, after the market capitalisation no. 3 of the crypto-recognized currencies, a price of 0,201 USD. This level is used when 0,200 USD moved to the main support, as well as the last major resistance zone, which had already been in connection with the previous interest rate bullish price movements recorded.
The current price level, the Pair XRP/USD was just above 0,203 USD and thus far from the recent High of 0.24 USD on the 30. April. In the past 24 hours in the cryptocurrency grew by just under one percent.
Analysts pointed out already in the market on the recognizable XRP weakness. Difficult was that it was able to the cops, while the last trade of the various support zones, meetings to take. This is a Signal for a possible further XRP price decline. Despite the lack of BTC rise to over $ 10,000 USD and the associated Altcoin drops
One Analyst had the idea that it could lead to a decline in the area under the under the level of yesterday’s closing price around 0,199 USD. From there, opening at $ 0.15 would be conceivable. In Coin360 the currency reached a lower limit to 0,200 USD reached – contrary to the Intraday High at 0,207 USD.
It is only in the last week of the Stablecoin Tether (USDT) for a short period of time the market capitalization is the third largest currency XRP behind.
