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Ripple (XRP) and Litecoin (LTC)

The cryptocurrency market is currently sitting just above $210 billion this morning. While mainstream media is heavily focused on cannabis at the moment, blockchain companies are still making moves in the background. Today, we’ll take a closer look at Ripple (XRP) and Litecoin (LTC) and the latest advancements with the two projects.

Ripple (XRP)

Ripple and XRP are often confused as the same and are often grouped together because what Ripple the company does ultimately affects/influences the price of XRP.

Less than a month ago, Ripple revamped its website to solely focus on RippleNet. RippleNet has just expanded its xRapid platform that uses XRP as liquidity for financial institutions. While its xCurrent platform currently has over 100 banks and financial institutions signed up and testing its XRP-less platform, Ripple’s goal is to eventually transition these institutions to RippleNet.

Ripple’s press release explained why using XRP is crucial for cross-border transactions:

“Pilots in the crucial U.S. to Mexico remittance corridor using XRP as a digital asset demonstrated savings of 40-70% compared to traditional costs. At the same time, it helped lower settlement times from two to three days to just over two minutes.”

At press time, XRP is currently trading at $0.465 a coin, up 0.34%, in 24 hours.

>> Small Bitcoin Fee: Only 10 Cents for $194 Million on the Bitcoin Network

Litecoin (LTC)

On Tuesday, LTC began trading on Gemini.

Gemini is the cryptocurrency exchange owned by the US Olympian Winklevoss Twins. Gemini is currently the 42nd largest cryptocurrency exchange by its total trading volume on CoinMarketCap.

BTC/USD pairs still equate for over 80% of the exchange’s volume in the last 24 hours. So far, LTC/USD only makes up 0.73%, with a volume of $214,836. On the 15th when the announcement was made about LTC being launched on Gemini, LTC surged 10% in an hour but quickly corrected.

The Litecoin Foundation also just celebrated its 7th birthday on the 12th.

According to CoinMarketCap, LTC is currently trading at $53.00 a coin, down -0.40%.

Check back in for more Ripple and Litecoin news!

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Ripple (XRP) | Climbing After Crypto Market Correction

Ripple (XRP) is making a dashing comeback this morning after the crypto market lost over $20 billion in value this week. Many of the other cryptocurrencies in the top 20 were seeing double-digit losses yesterday, as investors began dumping their digital assets. Now it seems most are making a comeback and XRP is leading the way.

Ripple (XRP) Comeback

Ripple concluded its annual Swell conference last week. The company put together a two-day conference that was held in San Francisco.

In addition to all the news surrounding Swell last week, the Japanese Bank Consortium launched its Ripple-powered MoneyTap app. Despite all the positive news surrounding the conference and MoneyTap, XRP continued to slide downward.

>> Cryptocurrency Sell-Off

However, this morning Banco Santander, a Ripple-partnered bank located in Spain, announced that they are now going live with SWIFT’s global payments innovation (GPI) in four countries. Banco Santander now offers SWIFT’s rapid cross-border payment service in Spain, the UK, Argentina, and Poland. The bank plans on expanding to Mexico and Chile before the end of 2018.

In the past, Banco Santander has been using Ripple’s payment solution for cross-border payments, and earlier in the year, they launched their Ripple-powered application OnePayFX.

Ed Metzger, Head of Innovation at Banco Santander, spoke at the Swell conference about how his bank’s journey with Ripple has improved his customers’ lives.

Metzger said:

“We believe that financial services is moving to a world of open platforms where companies collaborate to deliver excellent customer service for their customers, and that’s at the core of what we’re doing with OnePay FX.”

There has not been any news released about Ripple in last 24 hours, so this announcement by the bank may be what’s pushing XRP’s price up.

XRP Price Movement

According to CoinMarketCap, XRP is currently trading at $0.432 a coin, up 6.57% in 24 hours. Currently, XRP is leading the top 20 cryptocurrencies by their total market cap in percentage gains.

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Ripple (XRP) and TRON (TRX) Prices Slide Despite Major Progress

The cryptocurrency market is trading in the red again today. Bitcoin (BTC) has just dipped below the $6,600 mark and Ethereum (ETH) is trading just above $225. Both Ripple (XRP) and TRON (TRX) are sliding down today, despite both announcing major news regarding their projects recently.

Let’s take a closer look at Ripple and TRON and their latest project advancements.

Ripple (XRP)

Ripple concluded its Swell 2018 conference last week in San Francisco.

In addition to the conference, the Money Tap app powered by Ripple’s xCurrent software just launched in Japan. There has been lots of movement for Ripple over the last two weeks. Less than 24 hours ago, the cryptocurrency project announced that David Schwartz, Ripple’s CTO, will be a featured speaker at SXSW 2019.

Ethereum’s co-founder and ConSynsys founder, Joe Lubin, will also be speaking at the conference.

Despite the positive news, XRP has been backsliding on the market this week. According to CoinMarketCap, XRP is currently trading at $0.469 a coin, down -1.24% in 24 hours. For the week, the cryptocurrency is down -10.83%.

>> Ripple’s xRapid Expands into Commercial Production

TRON (TRX)

The TRON Foundation is currently voting on the release of the TRON Virtual Machine.

There seems to be some confusion among the cryptocurrency community, as TRON’s Founder Justin Sun has said one thing while the TRON Foundation is tweeting something different.

As you can see below, the TRON Virtual Machine was supposed to already be launched by now (according to Sun), but the TRON Foundation says voting is still taking place. It seems Sun may have jumped the gun on the announcement dated on the seventh.

So, has Odyssey 3.1 been released yet? Doesn’t seem so.

Despite the confusion, the TRON Foundation is trucking along as usual and has announced its new developer suite.

This will go live once the TVM is released on the new mainnet version.

According to CoinMarketCap, TRON (TRX) is currently sitting as the eleventh largest cryptocurrency by its total market cap. At the time of writing, TRX is currently trading at $0.0250 a coin, down -1.85%.

Check back in for more news from coins like Ripple (XRP) and TRON (TRX).

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XRP and Stellar (XLM) Updates

Most of the cryptocurrency market is trading in the red this morning, but the movement is trending upwards, and coins are beginning to flip green. Stellar (XLM) is just at the cusp of making the transition to positive market gains, but XRP, the coin created by Ripple, is falling far behind.

Let’s take a closer look at the projects surrounding these cryptocurrencies and their latest movement.

XRP

Ripple and XRP are often confused with one another. Ripple Labs is a blockchain-based global fin-tech company seeking to aid financial institutions with their proprietary payment platforms. XRP is a digital currency, independent of the company, that powers Ripple’s xRapid product. Ripple owns a large majority of the digital token.

Earlier this week, Ripple held its annual Swell conference, but instead of Toronto, it was held in San Francisco.

The event kicked off with a Q&A with former US President Bill Clinton, and Day One concluded with a concert by the Counting Crows. Despite the positive two-day event, XRP hasn’t seen any boost in its price.

>> xRapid Expands into Commercial Production

Stellar (XLM)

Earlier in September, the Stellar Foundation announced a new subsidiary of its company called Interstellar. Interstellar is a combination of two former subsidiaries named Lightyear and Chain and will employ 60 individuals. It is headquartered in both San Francisco and New York City. Stellar’s Founder, Jed McCaleb, will take over as CTO and Adam Ludwin will take over as CEO.

The Interstellar team manages StellarX, the newly released peer-to-peer asset trading marketplace.

StellarX was launched last week and currently holds the most popular cryptocurrencies on its platform. The platform is completely free to use, as in they do not charge a fee for trades. StellarX has a real fiat onramp, and if you have a US bank account, you can deposit USD directly into the app, via ACH.

>> StellarX is Here!

XRP and XLM Price Movement

According to CoinMarketCap, XRP is currently trading at $0.516 a coin, down -3.26% in 24 hours. XRP remains the third largest cryptocurrency by its total market cap. Stellar (XLM) is currently trading at $0.243 a coin, down -0.48%. Stellar remains just below EOS as the sixth largest cryptocurrency.

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Japan Bank Consortium MoneyTap Launch

Ripple recently announced that The Japan Bank Consortium has officially launched its xCurrent-powered MoneyTap app. So how’s the Japan Bank Consortium MoneyTap launch going so far?

Ripple xCurrent-powered MoneyTap App

MoneyTap is a consumer-focused blockchain money transfer app that was built by SBI holdings and Ripple. Thanks to the Japan Bank Consortium MoneyTap launch, the app is now available to residents of Japan for download on either iOS or Android devices.

Using Ripple’s xCurrent platform, MoneyTap processes remittances directly from bank accounts to bank accounts. The app does not charge any fee to start using it, and anyone with a bank account can access it.

A cool feature of the MoneyTap app is that you don’t need to know the person’s account number to send them money. Users can just choose a remittee from the QR code of the phone book on the app.

>> xRapid Expands Commercially

The Japanese Bank Consortium launched MoneyTap to reduce the drastic wait times customers are plagued with thanks to current transfer methods.

Takashi Okita, CEO of SBI Ripple Asia, had earlier stated:

“Together with the trust, reliability, and reach of the bank consortium, we can remove friction from payments and create a faster, safer, and more efficient domestic payments experience for our customers.”

Currently, with the MoneyTap launch in Japan, the service is only able to remit between accounts held at three participating Japanese banks—SBI Sumishin Net Bank, Resona Bank, and Suruga Bank. xCurrent does not, by default, utilize the Ripple-linked cryptocurrency XRP, like Ripple’s xRapid product does.

Ripple and Stellar Making Moves

Last week, Interstellar announced that its StellarX platform had been released to the public. StellarX is a Stellar-powered free asset trading platform.

Stellar has been dubbed by the crypto community as Ripple’s ‘little brother.’ Both projects were founded by the same person and are, technically-speaking, very similar. The only difference between the two is who they target. Stellar is geared toward anyone and everyone, whereas Ripple has been built for financial institutions.

Both Ripple and Stellar seem to be making significant strides in the use-case of their projects lately—which is a positive sign. According to CoinMarketCap, both XRP and XLM are trading in the green today.

At press time, XRP is trading at $0.535 a coin, up 1.55% and XLM is trading at $0.245 a coin, up 1.09%, in 24 hours.

Where will MoneyTap launch next?

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