Ripple leads cryptocurrencies higher after partnerships announcement

August 17, 2018
Chris Wheal

Cryptocurrency prices extended their rally to three days on Friday, with ripple among the biggest gainers after its blockchain producer said it had added three exchanges to its cross-border payment settlement offering.

Cryptocurrency prices rise: ripple leads the pack after partnerships announcement

Ripple said it had partnered with US-based Bittrex, Mexico’s Bitso and Coins.Ph of the Philippines. The new partners will allow Ripple’s xRapid payments system to move between ripple tokens, US dollars, Mexican pesos and Philippine pesos.

Cory Johnson, Ripple chief market strategist, said: “We’ve seen several successful xRapid pilots already, and as we move the product from beta to production later this year, these exchange partners will allow us to provide financial institutions with the comfort and assurance that their payments will move seamlessly between different currencies.”

Ripple’s token climbed more than 7% in European trade.

Price round up

Here’s a complete round-up of today’s moves in the cryptocurrency top 10 at 11am [London time]:

  • Bitcoin +1.5% at $6,486
  • Ethereum +3.6% at $301.35
  • Ripple +7.2% at $0.31
  • Bitcoin cash +4.3% at $547.39
  • Eos +2.9% at $4.85
  • Stellar lumens +3.4% at $0.22
  • Litecoin +2% at $57.16
  • Tether unchanged at $1
  • Cardano +4.1% at $0.10
  • Monero +4.5% at $95.42

 

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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