Xrp coin news
Here are some recent news and updates about XRP (Ripple) coin:
Recent Price Movement:
- XRP's price has been fluctuating in recent weeks, ranging from around $0.25 to $0.35.
- On February 22, XRP's price surged by 15% after Ripple announced a partnership with the National Bank of Kuwait to use RippleNet for cross-border payments.
- However, the price has since corrected and is currently trading around $0.30.
Recent Developments:
- Ripple Partners with National Bank of Kuwait: Ripple announced a partnership with the National Bank of Kuwait to use RippleNet for cross-border payments. This partnership aims to reduce the cost and time of international transactions.
- Ripple Partners with SBI Holdings: Ripple announced a partnership with SBI Holdings, a Japanese financial services company, to develop a new digital asset exchange. The exchange will allow users to trade XRP and other digital assets.
- Ripple Launches xRapid: Ripple launched xRapid, a liquidity solution that uses XRP to source liquidity for cross-border payments. xRapid aims to reduce the cost and time of international transactions.
- Ripple Partners with Santander: Ripple announced a partnership with Santander, a Spanish bank, to use RippleNet for cross-border payments. This partnership aims to reduce the cost and time of international transactions.
Regulatory Updates:
- SEC Delays Decision on XRP: The US Securities and Exchange Commission (SEC) has delayed its decision on whether XRP is a security. The SEC has requested more information from Ripple and has given the company until March 2 to respond.
- Japan Regulator Approves XRP: The Japanese Financial Services Agency (FSA) has approved XRP as a virtual currency. This approval allows XRP to be traded on Japanese exchanges.
Other News:
- Ripple's Market Cap Surpasses $10 Billion: Ripple's market capitalization has surpassed $10 billion, making it one of the top 10 cryptocurrencies by market capitalization.
- Ripple's xCurrent Surpasses 200 Customers: Ripple's xCurrent, a payment solution that uses XRP, has surpassed 200 customers. This includes major banks and financial institutions around the world.
These are just a few of the recent news and updates about XRP. If you're interested in staying up-to-date with the latest news and developments, I recommend following reputable sources such as Coindesk, CoinTelegraph, and Ripple's official blog.