Ripple

Find Out: How Ripple’s CEO just sent XRP price soaring

Ripple’s XRP has soared over the last 24 hours, adding some 10% to its market capitalization and sending the likes of bitcoin and ethereum higher, after Ripple chief executive Brad Garlinghouse sparked speculation a highly-anticipated tie-up with rival Swift could be back on the table.

Bitcoin and the wider cryptocurrency market has struggled over the last week as long-awaited institutional investment in the sector remains on the horizon.

Ripple’s XRP leap triggered a rebound for bitcoin, up 1% over the last 24 hours, and ethereum, up 3.5% over the same period. Bitcoin cash climbed back over the $2 billion market cap mark, adding 6%, according to prices from CoinMarketCap, which tracks most major cryptocurrencies.

Garlinghouse, speaking on a panel at the Paris Fintech Forum said there were “ways [Ripple] could work with Swift.”

The Ripple CEO was speaking alongside Gottfried Leibbrandt, Swift’s out-going chief executive, who announced the international payments network was partnering with Ripple rival, blockchain company R3.

Swift’s network, which boasts some 11,000 financial institutions and moves $200 billion around the world every day, plans to link R3’s platform with its new payments standards framework Global Payments Innovation.

Garlinghouse, meanwhile, took the opportunity to publicly criticize Swift’s aging system.

“Decentralized systems…

Continue reading at FORBES.com

 

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