Bitcoin Cash and Ripple have been added to the service offer of one of the fastest growing companies in Europe, Revolut. Revolut started out nearly three years ago as a startup company set to offer a different type of banking services, that way representing an independent banking company.
Now that Bitcoin Cash and Ripple, fourth and third-best currencies are being sponsored by Revolut, we are interested in finding out whether this occasion can affect the expansion of BCH and XRP, which is probably the next goal set for all major cryptocurrencies and digital assets.
Revoult Decides to Add Bitcoin Cash and Ripple
Revolut started off as a small startup company with a plan to become an independent banking service firm offering simple but much-needed payment methods on a global level. They started out under the name Revolut nearly three years ago in 2015 and were soon able to reach proportions of a massive company.
In addition to becoming a banking service company, Revolut is also proud to have been proclaimed as the fastest growing company in Europe, with massive odds of having a global expansion, which would naturally be the next step for Revolut.
In that spirit, Revolut is having funding rounds, with their last successful funding round bringing them 250 million dollars in revenue. With the latest addition of 250 million dollars, Revolut now has 1.7 billion dollars in market cap, supporting its status as the fastest growing company in Europe.
Since they have had a successful funding round, Revolut is planning on having two different funding rounds, one set in South America and another in Asia, which in every way shows the progress of Revoult towards expansion.
But, where do we find Bitcoin Cash and Ripple expanding in this case scenario?
Revolut is said to be the fastest growing company in financial tech industry, which means that they are planning on further expanding. Revolut offers different banking services which include peer-to-peer payments, global and international transactions, exchanging and purchasing cryptocurrencies, personal loans, remittance and exchanging of fiat currencies.
The company’s service that promotes crypto-powered transactions is called Revolut Crypto and until recently this service has added Litecoin, Bitcoin, and Ethereum to its service options.
As of the most recent events and the announcement that came yesterday, as stated by Revolut, Bitcoin Cash and Ripple have been added to the existing team of crypto Revolut Crypto is offering.
The head of the company announced that they wanted to celebrate the fact that they managed to collect 250 million dollars with the funding round, so they decided to add two more currencies, BCH and XRP, to their existing list of digital assets.
Revolut is planning on launching its services by the end of 2018, that way expanding their market to Singapore, the US, New Zealand, Australia, Hong Kong and Canada.
Since Revolut Crypto will also be among these services, it is expected that the assets supported by Revolut will go through expansion themselves, which means that Ripple and Bitcoin Cash are definitely in for global expansion, which is considered to be a new objective of all major digital assets, especially now that cryptocurrencies are being better understood.
How is Bitcoin Cash doing at the Current Moment?
As the fourth-best currency according to the global coin ranking list, Bitcoin Cash is doing an amazing job while it is being recovered from the latest selloff that hit the market a couple of days ago as many holders probably wanted to earn some profit from the most recent rebound.
Following the latest change in the market, BCH is going up against the dollar with a rise of 3.78% in oppose to this fiat value.
However, although BCH is rising against the dollar, this currency is going down against Bitcoin but only trading in the red with a slight drop of -0.68%.
That being said Bitcoin Cash can be exchanged for 1385.65$ per one unit.
How is Ripple doing at the Current Moment?
Ripple, although struggling to reach the value of 1$, is still without question the third-best currency due to its market cap. Although Ripple is already used to being applied in different banking systems thanks to Ripple’s own xCurrent, being added by Revolut is surely contributing to the expansion of XRP.
After the most recent change in the market, Ripple has gone up to nearly 5% against the dollar, while it is trading in the red.
In addition to this most recent rise, XRP is also trading up in oppose to BTC, while going up for a slight rise of 0.42% against Bitcoin.
At this moment, one unit of Ripple can be bought at the price of 0.84$ per one unit, which means that XRP is pretty close to acquiring the anticipated 1$ value in case this digital asset continues with the current pace of growth.
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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.
Image courtesy of vgallova via Flickr
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
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