Ripple (available on Binance) (XRP) has been moving the crypto market in a new direction. Its noteworthy invasion into the global financial-services-industry could generate sufficient revenue to create an underlying value for its trading price on cryptocurrency exchanges.

Ripple (available on Binance)’s Underlying Value: Set to Allay Fund Managers Concerns

Analysts and fund managers have been showing sTron (available on Binance)g concerns over cryptocurrencies; blaming a lack of underlying value and the huge price volatility for their bearish sentiments.

However, Ripple (available on Binance) is set to create its underlying value through its partnerships with financial services companies. At present, Ripple (available on Binance) has three products: xRapid, xVia and xCurrent and Ripple (available on Binance) will receive royalty payments from these companies for their products.

The potential to create instant transactions with lower costs is the key driver in enhancing companies’ confidence in the Ripple (available on Binance)’s blockchain technology.

The Deal With UAE Exchange Added to Traders Sentiments

The news of a deal between Ripple (available on Binance) and UAE Exchange to improve cross-border exchanges added to traders sentiments.

UAE Exchange’s CEO Promoth Manghat said, “Incorporating Ripple (available on Binance)’s blockchain technology into our payments systems will bring customers an enhanced, new payments experience,” Manghat said. “The early adoption of this game-changing technology allows us to offer a competitive service, as it will have an impact on the speed and cost of cross-border transactions.”