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XRP strives to climb towards $0.35 by December 2019; Ripple publishes new report

Cryptocurrency

XRP is ranked at #3 to the south of Ethereum as well as Bitcoin in the market. The trading volume recorded stands at roughly $2.089 billion, while the supply has 43,248,091,671 XRP coins in play as part of circulation. The price dropped at a rate of 0.81% in the course of the past 24-hours; this, in turn, led to XRP heading all the way down to the $0.299380 mark where it currently rests. As of this instant, the total market cap of XRP is $12.947 billion.

According to a recent report released under the authority of Ripple, members of banks and financial institutions, in general, have gradually begun to recognize the benefits of blockchain technology. A survey was conducted not too long ago, which includes answers from over 1050 individuals scattered across the globe, and who are linked to banking agencies [their roles are specifically linked to payment solutions]. Roughly 73% of the respondents have claimed that they are planning to implement blockchain tech shortly [to speed up the process of money transfer and subsequently remove SWIFT].

However, a decent chunk [around 30%] of the people questioned still believes that it would be a difficult and costly procedure.

Mr. Rajan was once the Chief Economist and Director of Research at the International Monetary Fund [IMF]. While he has been hesitant in his approach towards cryptocurrencies, his presence at SWELL indicates that his previous stance is changing. Raghuram Rajan was also the 23rd governor of the Reserve Bank of India [an organization which introduced in a blanket ban on virtual currencies and instructed banks to stay away from those engaged in activities such as trading, HODLing, and so on].

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.