Ripple Does not Fail to Rise
December 15, 2017
The digital currency that serves to make interbank payments has doubled over the past day. It took place immediately after the announcement made by Japan's and South Korea's large banks about their plans to test a system using Ripple's blockchain. It will be done for faster processing of international payments and reducing costs by 30 percent.
At the moment, the capitalization of Ripple is at the level of $26 billion, thereby it yields only to Bitcoin, Etherium and Bitcoin Cash.
Earlier, the management of the digital currency put in storage 55 billion tokens in order to increase investors' confidence and reduce volatility. At the same time, the organization struck bargains with American Express and Santander Bank for the use of Ripple's blockchain when making transfers around the world.