Why XRP Is Rallying Today
Cryptocurrency XRP (CRYPTO: XRP) is up 4.12% to $0.8194 per token in the 24 hours ending 10:30 a.m. EDT. There wasn't novel news pertaining to XRP per se, but it has become part of a surge surrounding the cryptocurrency market as a whole. Growing adoption of the Bitcoin (CRYPTO: BTC) network by tech companies has led to much investor enthusiasm.
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XRP is making gains in adoption as well. Less than two weeks ago, SBI Remit, the largest money transfer provider in Japan, announced a partnership with the company behind XRP, Ripple. Ripple will implement "on-demand liquidity" via XRP tokens on the RippleNet to help facilitate the remittances of Filipino workers in the country, estimated to amount to $1.8 billion per year. Even a small transfer on RippleNet could settle in three to five seconds. So there's definitely a lot of potential there.
Source Fool.com
