Massive XRP transaction and strategic expansion: Ripple relies on growth in Africa
<p> <strong> Massive XRP transaction and strategic expansion: Ripple relies on growth in Africa </strong> </p>
massive XRP transaction discovered
A remarkable transaction was recently registered, in which almost $ 90 million in the form of the Ripple-associated XRP token was moved. This transfer, which took place about three hours ago, was recorded by Whale Alert, a well-known blockchain monitor, that pursues great movements in the crypto world. The transaction is related to the second largest cryptocurrency exchange in South Korea - Bithumb.reactions of the crypto community
According to the data provided, the movement refers to a deduction of 40 million XRP, which corresponds to an equivalent of $ 83,570,812. The crypto community was enthusiastic to this transfer and speculated whether it may be a significant purchase of a so -called "whale" that increases its stocks on XRP.
Strategic partnership of Ripple in Africa
In addition to the financial movements, Ripple announced a new strategic partnership last week. The company has joined the payment provider Chipper Cash to expand the cross -border payments in Africa. The collaboration enables the five million users of Chipper Cash to access fast and inexpensive payments via Ripplenet, which, in contrast to conventional payment providers, are available around the clock. Ripple sees another milestone for expansion in Africa in this initiative.
Current XRP price development
At the time of writing this article, the fourth largest digital currency XRP is traded at a price of $ 2.10, which corresponds to an increase of 3 % that day. However, XRP has recorded a significant decline of 14.72 % since Wednesday of last week and lost the $ 2.46 mark. The experienced raw material dealer Peter Brandt published a forecast that XRP has to rise over the $ 3 brand to activate a bullish trend. Otherwise there are risks of a decline to up to $ 1.70 per coin.
FAZIT
The latest developments around XRP show both the interest of great investors and the strategic steps of Ripple to gain a foothold in the African market. These trends indicate a growing potential in the cryptocurrency landscape, which is of great importance for many observers.
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