Ripple (XRP) is one of the older crypto currencies but it seems to finally be getting it’s due. Last month they announced a deal with AMEX to help with cross-border payments in Europe. Since then, the price of XRP has risen 4x. This deal continues to prove the viability of cryptocurrencies in general. Even more important is that coins like Ripple are positioning themselves for long term adoption.
The price of Ripple’s XRP token has passed a dollar for the first time in its history.
Most recently, the company announced in late November that Standard Chartered and Axis Bank are launching a new cross-border payments platform built on top of Ripple technology. Just a week earlier, American Express said it was using Ripple’s network to connect Santander clients in Europe and the U.S.
What do you think of these kinds of deals? Does it help separate the wheat from the chaff?
Last Friday, Bitpay announced that it was adding a payment option for Bitcoin Cash beginning in early 2018. Since that announcement the price for BCH spiked upward as the market reacted to the news. Here’s a snippet of that announcement.
We added Bitcoin Cash (BCH) support to the BitPay wallet app in September of this year. Since then, we’ve had growing demand from our merchants and their customers to enable Bitcoin Cash support for our payment processing services, too.
We will begin adding support for a Bitcoin Cash payment option this year, starting with BitPay Card loads. All BitPay invoices will include a Bitcoin Cash payment option by default in early 2018.
The BitPay wallet already includes optional Bitcoin Cash support. If you want to use Bitcoin Cash to load your BitPay Card or pay a BitPay merchant, you’ll be able to use your BitPay or Copay wallet.
Does this continue to validate that BCH will eventually replace classic Bitcoin? Leave your thoughts in the comments.