Ripple (XRP) has been in the news over the last month and for the most part it has been good news. Over the last 3-week period, Ripple has seen a pretty good surge in price even though some of the cryptocurrencies on the market have fallen victim to a downtrend that has been obvious this month. New regulations and bans in some countries are causing some investors to think twice about cryptocurrencies and what they can do in the coming months.
Ripple Price Surge No Surprise
For those that have been watching Ripple over the last few weeks, this price surge does not come as any surprise. The crypto coin is solid and offers plenty of features that would attract attention of investors. Hitting the $0.70 mark is the highest level it has been since March 22nd, so that is great news.
A recent announcement from Banco Santander might have had something to do with the price surging like it did. The giant bank announced that it would launch a cross-border payment app using Ripple’s xCurrent product. News like that shows how widely used a cryptocurrency and the products surrounding its technology can be used.
Cross-Border Payment App Secure International Transfers
Sending money around the world has been happening for many years and for the most part it has been quite secure. Ripple is trying to make those transactions happen even faster, thus more affordable to the consumer as well as the merchant that is helping in the transaction.
According to the executive chairman of Santander, “One Pay FX uses a blockchain-based technology to provide fast, simple and secure way to transfer money internationally — offering value, transparency, and the trust and service customers expect from a bank like Santander. Transfers to Europe can be made on the same day and we are aiming to deliver instant transfers across several markets by the summer.”