Ripple Price Passes $1 For The First Time
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?