XRP, the seventh most valuable crypto asset by market value, is currently enjoying high pressure amid recent pullbacks seen in the price of the flagship crypto asset. At the time of writing, XRP was trading at $0.95929 up 38.22% for the day. It was the biggest one-day percentage gain since about 9 weeks ago.
Investors are anxiously waiting for the legal outcome filed against Ripple, creators of XRP, as the digital asset, recorded decent gains amid recent price market correction prevailing at the crypto-verse
The seventh most valuable crypto asset by market capitalization, XRP recently unlocked 1 billion XRP worth about $415 million, from an escrow account.
Ripple has been making headway in pursuing projects involving central bank digital currencies. RippleX’s Vice President James Wallis disclosed that the company has expanded by building a core ledger which can be used to mint central bank digital currencies (CBDC). Like many in the industry, Wallis thinks that blockchain technology will bring digital payments to the next level by ensuring faster speed, lower costs, and reliability. He said to Rudolf Falat, the host of the “Voice of FinTech” podcast in an interview:
There have been some big shakers in the crypto-verse amid recent sell-offs seen in the fast ever-changing financial market and Polkadot is among them.
Ripple, a leading crypto fintech company, is going forward to bring the XRP Ledger to central banks. Recently, Ripple announced via a job listing site that it was looking to hire three central bank technical partner managers – one for each of its offices in London, San Francisco, and New York.