This week has been a bit of a rollercoaster for the crypto market. Yesterday, things were looking good. Today, not so much. Ripple (available on Binance) (XRP) is down, despite releasing two products yesterday— including the hotly anticipated OnePay FX, and Bitcoin (available on Coinbase) (BTC) is moving closer to the $7,400 mark. 

So, by what percentage is Ripple (available on Binance) (XRP) down today? What two products did the company release yesterday? Let’s see what we can find out. 

Ripple (available on Binance) | XRP Price News  

Ripple (available on Binance) (XRP) is currently selling for $0.61. This puts XRP down 0.62% in the past twenty-four hours. 

Source: CoinMarketCap

Yesterday, Ripple (available on Binance) (XRP) was up 3.66% at one point during the day. 

Ripple (available on Binance) | Ripple (available on Binance) News; OnePay FX

Yesterday was quite the day for Ripple (available on Binance). XRP was up, the CEO was making headlines, and the platform released two anticipated products. Hence why some may have taken a double look at XRP on the market today.

First, the company released a live demo of the OnePay FX app. The demo was released on their blog. Essentially, the video is of a transaction taking place, and processing via the settlement app. The app provides cross-border transactions at a face rate, performed on the Ripple (available on Binance)Net. 

This is big news, particularly for two reasons. First, the app uses xCurrent. Second, this release is part of the company’s plans to revolt against legacy banking systems. 

Further, the company also announced the release of 1.0.0 Ripple (available on Binance)d. If you don’t know what this is, Ripple (available on Binance)d is the P2P network that the XRP Ledger works on. This news might be more exciting than the OnePay FX app, considering this version of Ripple (available on Binance)d has been in development for 6 years.

Congrats to all the contributors who have helped build the open source #XRP ledger over the last six years. For more info check out the 1.0 release notes https://t.co/akDD78GQWk
— Ripple (available on Binance) (@Ripple (available on Binance)) May 31, 2018

Inside the Company | Ripple (available on Binance) CEO Talks Blockchain 

This week, we have seen Brad Garlinghouse, Ripple (available on Binance) CEO, discuss Bitcoin (available on Coinbase). Not only that, but we have also seen the CEO discuss blockchain.

When it comes to Bitcoin (available on Coinbase), Garlinghouse believes it to be the Napster of digital assets. A music service that changed the rules, but never took off, primarily due to its lack of involvement with regulators.

“Bitcoin (available on Coinbase) may end up being the Napster of digital assets. It’s shown what’s possible. But Spotify, iTunes, Pandora engaged the system and regulators, and they ruled the day.”–@bgarlinghouse speaking at #Codecon watch the full interview now. https://t.co/IaclqUntrH
— Ripple (available on Binance) (@Ripple (available on Binance)) May 30, 2018

As for blockchain technology, Garlinghouse believes it to be “a Big Bang Movement.” 

The Takeaway

What do you think about all that went on this week? Do you agree with Mr. Garlinghouse’s comments? How about the releases, are you excited about those? Let me know! And check back in next week for more news!

Featured Image: Depositphotos/© mdkhalil1

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