Ripple XRP momentum builds

Ripple XRP momentum builds

May 24th, 2018

A bull run is certainly looming over the crypto market. The starting effects can already be seen as the cryptos go green. However, Ripple is currently in the red at $0.61.

With this month at its end, it has been an amazing one for the Ripple as it made various announcements and successful usage.

In an interview with CNBC, Brad Garlinghouse, the CEO of Ripple talked about “signing 20 production contracts with new firms.” The company had a record first quarter as well.

Ripple also announced its latest partnership with the National Bank of Kuwait. The largest bank of Kuwait will be using Ripple’s xCurrent. The news came just days after the second-largest bank of the country Kuwait Finance House (KWH) became the first bank to join RippleNet for cross-border instant payments.

XRP is becoming a game changer as pointed out by the London-based foreign exchange company. The UK-based foreign exchange broker and international payment provider, Currencies Direct utilized XRP for money transfer between banking organizations in the US, Mexico, and Europe.