Ripple Beat Ethereum Market Cap

For the third time this week, the Ripple price has achieved a new all-time high at $1.87, surging by more than 36% overnight and obtaining a market cap of $70 billion
29 December 2017   1114

Today Ripple (XRP) beat Ethereum (ETH) and became the second largest cryptocurrency with a market cap of $70 billion, but after half an hour Ethereum returned its position.

CoinmarketcupCryptocurrency Market Capitalizations

For the third time this week, the Ripple price has achieved a new all-time high at $1.87, surging by more than 36% overnight and obtaining a market cap of $70 billion, becoming bigger than both Uber and Didi Chuxing, two of the largest technology startups in the global market with a market cap of above $50 billion.

Ripple ChartsRipple Charts

At the moment of press, these are the main Ripple market parameters:

  • Average price: $1,83
  • Market Cap: $70 755 885 889 USD
  • 24h Trading Volume: $4 409 850 000 USD

The most of the XRP is being traded at:

  1. Bithumb 33.54%
  2. Binance 8.53%
  3. Bitfinex 7.57%

Recently, we have reported that SBI Ripple Asia is forming an association whose participants intend to use blockchain technology to create a single transaction register made using bank cards.

Ripple to Work with Saudi Arabia’s Central Bank

Saudi Central Bank provides sandbox for banks to try out Ripple technology  
14 February 2018   124

Together with the Saudi Arabian Monetary Authority (SAMA), Ripple is going to create a pilot programme to enable local banks to deploy xCurrent for cross-border payments.

This pilot programme will provide interested Saudi banks with program management and training. it is the first of its kind to be launched by a central bank.

According to Dilip Rao, global head of infrastructure innovation at Ripple, central banks all over the world are interested in blockchain technology in order to understand how it can transform cross-border payments. It will result in lower barriers for both corporations and consumers.

SAMA will provide resources to domestic banks that want to enable instant payments using Ripple’s innovative blockchain solution. It has the potential to revolutionise cross-border payments, making it cheaper and more transparent. SAMA will be the second central bank to use blockchain technology to revolutionize payments.