Ripple and its associated cryptocurrency XRP are often conflated. Yet, partnerships announcements and updates from Ripple, even when unrelated to the token, impact the price. We interviewed a Ripple employee to better understand the relationship between the price of the token and the success of the company.
Major news from Ripple seems to have a direct impact on XRP’s price. Ripple’s partnership with MoneyGram sent the price up 6.28 percent after the news. Yet, the relationship between token demand and Ripple’s institutional payment products remains unclear.
CryptoSlate reached out to an employee at Ripple for clarity on the matter. The source was only willing to speak contingent on anonymity due to reprisal risks.
Background on the XRP token
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Mitchell is a software enthusiast and entrepreneur. In addition to writing, he runs a non-profit that teaches people about the blockchain. In his spare time he loves playing chess or hiking.
Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.
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