Ripple, Digital Currency Counter Bitcoin It Stronger 4,100 Percent

NEW YORK, ftbelknapland.com – The value of XRP digital currencies created by Ripple hit record highs on Thursday (28/12/2017) local time. XRP is a digital currency focused on bank transfers.

Citing Business Insider, Friday (29/12/2017), Markets Insider data shows XRP price reached 1.30 US dollars per coin or equivalent around Rp 17,550. In early December 2017, the price of XRP reached 0.25 US dollars or only Rp 3,375 per coin.

Throughout the week, the value of the digital currency has climbed 71 percent. The strengthening is one of the reasons for Ripple’s subsidiary in Asia and Japanese credit card company announcing a new consortium.

 

Read also: Ethereum Will Be The Next Bitcoin?

 

The consortium will identify how blockchain can be implemented in credit card payments.

Forbes proclaims, the news triggered further strengthening for Ripple which is indeed attracting many investors in Asia.

“Asia is crazy about Ripple,” said CEO and founder of Polynom Crypto Capital in Moscow.

As of December 14, 2017, XRP is the third largest digital currency in the world. Since early 2017, its strength has reached more than 4,100 percent.

XRP was founded in 2012 ago with the initial name Ripple Labs. XRP has a focus on using blockchain technology to speed up cross-border fund transfers and bank settlements.