Ripple rises and improves
We all know about Ripple and their internal XRP token. This platform often appears in our articles, which suggests that this project is actively developing, conquering new heights. Recently, cryptocurrency owners have noticed a serious increase in the value of this digital asset. What is the reason for the price increase? How will the coin behave in the near future and is it worth buying a crypt right now? We will answer all these questions right now. Let’s get started.
Why the price of Ripple is rising
2020 began with the rapid growth of the coin. Over the past few days alone, cryptocurrency has added 12% to its value. Such serious indicators are due to the position of Ripple in the investment field. The fact is that at the moment the company is actively working with one of the most reputable providers of money transfers. International Money Experss Inc. (Intermex) negotiated with Ripple for a long time, and now the companies have finally reached a mutually beneficial agreement.
Intermex is actually single-handedly involved in remittances from the United States to Mexico and vice versa. This company is trusted by millions of citizens, so investors have welcomed the decision to alliance with Ripple warmly. The partnership is structured in such a way that Intermex acquires from Ripple the right to use their ODL system. The latter uses all the advantages of the XRP Blockchain, guaranteeing safe, instant and stable transfers before third-party intervention. Transactions can already be carried out with such fiat pairs as USD-MXN, USD-PHP, AUD-USD, AUD-PHP and EUR-USD. Translations will reach a new level thanks to Ripple.
Note that the real advantages of the Blockchain company decision are already noticeable in practice. Currently, approximately 10% of all transactions between the US and Mexico are provided by the ODL system. And this is just the beginning. Obviously, such a serious partnership could not but affect the cost of XRP. The internal token literally soared by 12%. We’ll figure out whether to buy a crypt right now or not.
What to do with XRP?
At the time of writing, one Ripple coin was priced at $ 0.275925. Thus, even for a relatively small amount, you can buy a sufficient amount of cryptocurrency. We recommend diversifying your investment portfolio with at least a small amount of XRP. The coin has long been on the market, there are no grounds for doubts about its reliability. And given the current state of affairs, we can safely say that Ripple will soon grow even stronger, enriching its owners.
Nevertheless, if you notice an increase in price, do not rush to sell the entire cryptocurrency so as not to lose any possible profit. In the event of a depreciation, do not be nervous, but rather, buy coins for a small price, then to resell with an additional mark-up.
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