After a small loss for Ripple (XRP), it recovers thank to Ripple CEO interview on Fox and exclusive report on Western Union
Weekend is starting in a very good way for Ripple. Yesterday, price of Ripple’s XRP fell more than 25% after Coinbase did a statement where denied to add new assets soon.
After few hours Fox Business announced an interview with Ripple CEO Brad Garlinghouse. In the interview Ripple CEO insisted about Ripple technology and promised good news soon.
In fact despite criticism Ripple’s technology has very good points: the idea that banks and money transfer will adopt its technology are not just rumors, but are confirmed from the fact that many financial firms already started to collaborated with Ripple years ago.
As our analyst suggested “Ripple technology is powerful enough to replace international payment systems by reducing the cost and allowing instant transfers. And this is a real revolution.”
“SWIFT payments usually take 1-3 working days to reach their destination, however it is possible that they can take longer due to circumstances such as time differences between the sending and receiving country.
Ripple’s Consensus Ledger can process 1,500 transactions per second and settles an international payment in an average time of three seconds.”
Ripple News Tech reported in exclusive that Western Union is in talks with Ripple to adopt XRP this year.
At the moment we write Ripple is around 3.15 USD and trend looks positive
