Ripple’s CEO, Brad Garlinghouse, has finally responded to JPMorgan’s recent announcement of its new JPM Coin. Is Ripple feeling the pressure or just annoyed with a bank adopting a similar system? Let’s find out.
News from the Ripple (XRP) camp today! Along with thirteen other companies, Ripple is joining Hyperledger, which is an open source collaborative collective of companies seeking to advance cross-industry blockchain technologies. It includes leading members involved in finance, banking, Internet of Things, supply chain, manufacturing, and technology, which includes blockchain technology.
The Bitcoin futures made major headlines back last November, as it propelled BTC’s price higher just before their launch. The market had a sharp correction a few weeks later after the market hit record highs. Bitcoin breaking into Wall Street meant a wider adoption, aimed specifically at the cautious traditional investors.
Ripple’s xCurrent, xVia, and xRapid products continue to grow in the financial sector; the distributed blockchain technology announced partnerships with five new clients from four different countries.
Ripple (XRP) has been moving the crypto market in a new direction. Its noteworthy invasion into the global financial-services-industry could generate sufficient revenue to create an underlying value for its trading price on cryptocurrency exchanges.
Financial services providers and big banks have been showing strong confidence in Ripple’s blockchain technology; resulting in several partnership agreements between Ripple and the financial services providers.