{"id":379990,"date":"2019-04-27T18:00:53","date_gmt":"2019-04-27T18:00:53","guid":{"rendered":"https:\/\/wncen.com\/?p=379990"},"modified":"2024-06-11T15:05:06","modified_gmt":"2024-06-11T15:05:06","slug":"ripple-to-save-millions-for-a-oil-company-xrp-reacts-at-historical-support","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-to-save-millions-for-a-oil-company-xrp-reacts-at-historical-support\/","title":{"rendered":"Ripple to Save Millions for a Oil Company, XRP Reacts at Historical Support"},"content":{"rendered":"
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Ripple (XRP) technically bullish<\/em><\/li>\n
PPTEP partnership bullish<\/em><\/li>\n<\/ul>\n
By collaborating with PPTEP of Thailand with Siam bank as a facilitator, investors can see firsthand why the platform can help industries across the board. Even so, Ripple (XRP) is ranging with strong support at 30 cents<\/em>.<\/p>\n
Ripple Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Good news, for the general investor, is the rate at which Ripple Inc is securing partnerships. By the close of 2018, 200 banks were using RippleNet. Of those 200 financial institutions, xRapid had 13 clients. That\u2019s a massive milestone for a service that by close of last year was two months old. Even so, the advantage of xRapid is speed and since it uses the rails set by xCurrent, adopting banks can simultaneously benefit from end to end tracking in place by a time-tested global payment platform.<\/p>\n
On the other hand, xRapid offers speed and near instant settlement at 4 seconds and which would further drop to 1 second after Cobalt.\u00a0 Away from partnerships, Wietse Wind and his team are working overtime, creating XRP use cases as they also benefit from Ripple Inc backing\u2014via Xpring. Realizing that blockchain interoperability and micro-payment is the future, XRPL Labs are working with ILP as well as Coil, whose founder Stefan Thomas, was the CTO at Ripple Inc before handing over reigns to David Schwartz who is selling XRP\u2014he\u2019s entitled to\u2014in a de-risking strategy.<\/p>\n