Crypto News | Ripple money transfers

As you know, the world of cryptocurrencies is very dynamic. Although there’s a lot of money circulating in the cryptocurrency market, there are still those who aren’t eager to enter the trade with cryptocurrencies. Today, we bring you very good news that could change this a bit and it has to do with ripple. According to the company’s tweet, ripple money transfers are about to become a reality because some money transfer firms will implement ripple’s XRP token in their payment systems in 2018. This type of institutional recognition will definitely bring some peace in the dynamic world of cryptocurrencies. Ripple’s goal is to overtake ethereum as the number 2 cryptocurrency by market cap, so if you’re about to enter the game, this might be the perfect asset. Ripple money transfers will definitely help a lot in achieving this goal.

As for ethereum, its price is getting higher against the dollar and bitcoin. According to some analysts, this cryptocurrency could break the $1200 barrier very soon. The price gained bullish momentum and a new high was formed recently at $1176.46. Most experts agree that ethereum and ripple will become more and more important, maybe even more important than bitcoin, so you should definitely keep your eye on them.

As for other news, we have to mention that Russia rejected 1.4 billion euro EU sanctions claim in WTO dispute. The EU claims that Russia failed to comply with a WTO ruling on pigs and pork and that 1.39 billion euros in trade sanctions should be imposed. Russia lost its appeal against the WTO ruling on its ban on imports of EU pigs and pork products.

There’s other important information we’d like to highlight has to do with the price of oil. After a small turmoil last week, oil prices were stable on Monday. U.S. West Texas Intermediate crude futures CLc1 were at $61.50 a barrel, while brent crude futures stood at $67.66 a barrel.

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Author: Max Rothstein

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