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Another Win for Ripple (XRP): Ripple Tested by Direct Currencies




Ripple (XRP) has been hitting the internet headlines for more than several months now. XRP and the foundation behind Ripple are being introduced to new companies and diverse partnerships while being tested by numerous banks and financial institutions, as well as by providers of payment services. That is how the third-best crypto has had another win with being tested by Direct Currencies, once again showing extraordinary results when it comes to improving the commonly used payment systems.

British Direct Currencies Have Tested Ripple

Before Direct Currencies went on with testing Ripple’s system for transactions on their own system for providing payment services, Ripple has been successfully tested by Western Union, Santander Bank and many more banks and financial services around the globe, including the Arab Emirates and China.

During the various testing on the behalf of the mentioned banks and financial institutions, Ripple’s xCurrent and xVia have shown to be much faster, simpler and far easier to use than the traditionally adopted way of sending and receiving global payment.

With these tests, Ripple and the foundation behind Ripple have managed to penetrate into the phase of mass global adoption of their technology, which although not quite decentralized like blockchain ecosystems, can provide an extraordinarily fast and secure way of sending and receiving payments around the globe.

Besides from making up for an economical way of sending payments with far lower fees for each transaction, instead of taking several days for the transaction to be completed, which required additional resources that also cost money, with Ripple, payments are being processed within the matter of seconds, which was shown to be true more than several times during live and private tests that were being conducted with Ripple’s technology.

That is how Direct Currencies, which is a UK-based company that offers payment services, decided that their business would certainly use Ripple as a neat addition to their existing system for making payments across the globe.

After the testing of Ripple’s technology was over with, the team behind Direct Currencies stated that the testing turned out to be more than successful, which they expected due to the previous reviews provided by other banks and financial institutions that went ahead with using Ripple technology for their payment systems.

It is important to stress out that the Ripple Foundation didn’t participate in this testing and that the Direct Currencies have tested Ripple without any previous agreement with the foundation behind XRP.

The team behind this UK-based company has given their official review on Ripple, stating that they managed to come to a conclusion after a series of several tests, that Ripple’s technology makes up for a resounding success.

The team has added that they are planning their next steps towards adopting Ripple’s technology as they have deducted after the successful testing of Ripple, that this technology is a “game changer”, making faster, more economical and safer payments in oppose to the traditional way of sending and receiving money.

It is needless to say that Ripple made it again, possibly heading towards the title of being the most adopted coin in the area of finances and global transactions.

How is Ripple doing at the Current Moment?

After having two days for rebounding as the market has adopted a rather bullish trend where the majority of cryptos went on with trading in the green for the past 48 hours, we can see XRP alongside with other currencies as it is dropping against the dollar while treading in the red.

After the latest change in the market, XRP can be seen dropping against the dollar by -1.94% while trading in the red.

However, we can see XRP trading up against BTC for a “puny” 0.02%, which indicates that XRP is currently doing better when compared to BTC.

Following the latest change in the market, XRP can be traded at the price of 0.59$ per one unit.

XRP has set its record price back at the beginning of January 2018, when this asset set its own record value of over 3$ per one unit.

Although successful in the field of mass adoption for financial and banking services around the globe, XRP is not taking that success in the market as the latest market trends seem to be sluggish while constantly being brought back to trading in the red.

However, there still might be a great chance that XRP might make it to its all-time high of 3$ and above in the following months.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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collateralized debt position

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