San Francisco based Ripple blockchain payment firm hit top bulletins in the last seven days. Besides the partnership announcement by Ripple, its native token, XRP, also received a considerable boost from significant players of the crypto market.
Ripple Expands Partnership and Acquisition
Ahead of its yearly conference, Swell by Ripple, the payment firm hosted its first Annual Academic Event, UBRI Connect 2019, for two days. UBRI is the Ripple’s University Blockchain Research Initiative launched in June last year to accelerate the “academic research and innovation in the crypto-blockchain sector.
With UBRICon2019 conducted on Oct 3-4, Ripple successfully gathered the plethora of university experts, researchers, partners, and special guests to support further and encourage universities to join this initiative of Ripple.
Besides this flagship event, Ripple’s investment arm Xpring launched the XRP developer platform, which was majorly intent to support developers working on different protocols and projects.
The platform continued its partnership and acquisition despite the native token bleeding drastically. It’s worth noting that the firm Acqui-Hire, Iceland based Algrim crypto exchange, which has resulted in Ripple doubled up its team of engineers for Xpring.
XRP Gains Huge Boost from Industry Leaders
As for the native token XRP, the major decentralized crypto exchange Binance DEX announced the addition of XRP and stated that the platform is launching XRP pegged native token on Binance chain and Binance DEX.
To boost the XRP ecosystem, one of the leading crypto payment solutions, Bitpay announced to add XRP by the end of this year. Bitpay’s XRP integration would undoubtedly increase the XRP adoption as it will enable numerous merchants to accept XRP besides Bitcoin, Bitcoin Cash, and Ethereum.
Other thrilling news in Ripple and XRP ecosystem includes, Bitrue crypto exchange launched XRP loans, Gatehub XRP ledger partnered with content monetization platform Coil to facilitate XRP payment to content creators. Besides acquisition in blockchain startup Logos, Crypto ATM network Coinome, and other emerging blockchain projects, Ripple’s Xpring also bet high on Vega protocol, an open blockchain-backed public network.
Moving forward, there’s a high probability that Ripple’s funded San Francisco will acquire Omni blockchain rental startup based Coinbase crypto exchange. While nothing has officially announced by exchange yet, it said that some of Omni employees had been interviewed by Coinbase exchange recently.
Swell 2019 and XRP
Furthermore, Ripple will soon host its current annual event, Swell 2019, in Singapore on November 7-8 (tomorrow). As for now, there is no substantial progress in XRP’s daily trading value, but there’s a high possibility that Swell 2019 might push XRP’s value forward – as it happens every year.
At the time of reporting this, Ripple’s XRP is trading at $0.25 against USD, gaining the trading volume by 0.47 percent within the past 24Hrs. Moreover, the third-largest cryptocurrency, XRP currently counts $11,013,930,972 market capitalization.
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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