This week has been a bit of a rollercoaster for the crypto market. Yesterday, things were looking good. Today, not so much. Ripple (XRP) is down, despite releasing two products yesterday— including the hotly anticipated OnePay FX, and Bitcoin (BTC) is moving closer to the $7,400 mark.
So, by what percentage is Ripple (XRP) down today? What two products did the company release yesterday? Let’s see what we can find out.
Ripple | XRP Price News
Ripple (XRP) is currently selling for $0.61. This puts XRP down 0.62% in the past twenty-four hours.
Yesterday, Ripple (XRP) was up 3.66% at one point during the day.
Ripple | Ripple News; OnePay FX
Yesterday was quite the day for Ripple. XRP was up, the CEO was making headlines, and the platform released two anticipated products. Hence why some may have taken a double look at XRP on the market today.
First, the company released a live demo of the OnePay FX app. The demo was released on their blog. Essentially, the video is of a transaction taking place, and processing via the settlement app. The app provides cross-border transactions at a face rate, performed on the RippleNet.
This is big news, particularly for two reasons. First, the app uses xCurrent. Second, this release is part of the company’s plans to revolt against legacy banking systems.
Further, the company also announced the release of 1.0.0 Rippled. If you don’t know what this is, Rippled is the P2P network that the XRP Ledger works on. This news might be more exciting than the OnePay FX app, considering this version of Rippled has been in development for 6 years.
— Ripple (@Ripple) May 31, 2018
Inside the Company | Ripple CEO Talks Blockchain
This week, we have seen Brad Garlinghouse, Ripple CEO, discuss Bitcoin. Not only that, but we have also seen the CEO discuss blockchain.
When it comes to Bitcoin, Garlinghouse believes it to be the Napster of digital assets. A music service that changed the rules, but never took off, primarily due to its lack of involvement with regulators.
"Bitcoin may end up being the Napster of digital assets. It's shown what's possible. But Spotify, iTunes, Pandora engaged the system and regulators, and they ruled the day."
–@bgarlinghouse speaking at #Codecon watch the full interview now. https://t.co/IaclqUntrH
— Ripple (@Ripple) May 30, 2018
As for blockchain technology, Garlinghouse believes it to be “a Big Bang Movement.”
What do you think about all that went on this week? Do you agree with Mr. Garlinghouse’s comments? How about the releases, are you excited about those? Let me know! And check back in next week for more news!
Featured Image: Depositphotos/© mdkhalil1