The Currency Analytics
By Dan Saada
The trading volume for Litecoin is recorded at $2.978 billion. The supply consists of 63,206,899 LTC.
The MACD is soaring above the support line near $64. The histogram has changed from red to green. The Bitcoin dominance rate was down to 70.1% today.
The door to opening the crypto for institutional investors is an essential milestone in mainstream adoption.
An announcement from PNC Treasury Management read thus: "The ability to receive a payment from an overseas buyer against their invoices instantly, transforming the way they…
Cryptocurrency has long been considered to be a better alternative to the expensive international payments using fiat currency.
International transactions using fiat currency are complex, and it is indeed a time-consuming process, mainly if the transacting parties are using two different currencies.
Ripple states that xCurrent will be used by the bank, providing a solution for cross border payments with end-to-end tracking.
“Using xCurrent, banks message each other in real-time to confirm payment details before initiating the transaction and to confirm delivery once it settles."
XRP is used to bridge one currency to another. RippleNet’s solutions are particularly helpful to banks as they help conduct international payments and do not discriminate…
The risks that institutions should remember is the volatility which will affect the price of the XRP.