CryptoCurrency News : Ripple XRP price set to SOAR after new deals signed

Even though Ripple had recently been embroiled in a bitter court case but overcome progress in regulation laws.
The cryptocurrency seems to be the only one in the top-five to have had a positive trend this week since it started trading,

It's advantage over other cryptocurrencies is its near-instant international payments, which are processed within 10 -15 seconds.

Ripple CEO Brad Garlinghouse said in an interview with NBC: “The reason why XRP is unique is, it settles in three seconds so I’m not taking risks on kind of volatilities, where bitcoin takes hours.

“We are a thousand times faster than bitcoin and a thousand times cheaper the bitcoin to settle a transaction.”

I think Ripple is now on a mission to backup their words and hopefully the price of the currency will rise afterward, Last week the Ripple team completed two new partnership agreements.

The first was with the telecom company IDT and the second was with international payment service MercuryFX.

Ripple will also test the functionality of xRapid Ripple, based on the Ripple token (XRP), which has been designed to lower commissions when making payments.

In early January the international payment system Moneygram announced plans to add the XRP token to increase speed and lower commissions.

Ripple is still facing challenges despite its progress, as rapid growth is being held back by an ongoing court case with the R3 banking consortium.

The dispute centres around a deal that was signed for R3 to buy 5 billion tokens when they had an extremely low value.

The contract is now worth $12billion and Ripple have a filed a claim stating the deal was made in bad faith.

Ripple’s filing states that it does not need to honour the contract because the consortium failed to hold up its end of the deal to sign them up with a bank, and that R3 used the partnership to leech expertise and develop a competing product.

This will definitely be a Good news to ripple HODL Gangs.....am definately one of them and i believe ripple is coming back on it's feet.

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