Altcoins News

Story: Adoption is coming for Litecoin – XRP used to Bridge one Currency to Another

By Dan Saada

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The trading volume for Litecoin is recorded at $2.978 billion.  The supply consists of 63,206,899 LTC.

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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.

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The door to opening the crypto for institutional investors is an essential milestone in mainstream adoption.

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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…

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Cryptocurrency has long been considered to be a better alternative to the expensive international payments using fiat currency.

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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.

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Ripple states that xCurrent will be used by the bank, providing a solution for cross border payments with end-to-end tracking.

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“Using xCurrent, banks message each other in real-time to confirm payment details before initiating the transaction and to confirm delivery once it settles."

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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…

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The risks that institutions should remember is the volatility which will affect the price of the XRP.

The Currency Analytics

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