XRP provides for the fastest andlowest cost option for sourcing liquidity in cross border payments as opposedto pre-funding. Thus, making efficientuse of the working capital. The technologyis leveraged for micropayments in e-commerce exchanges and peer-to-peerservices. The payments which move acrossthe XRP ledger settle in 4 seconds.

The weekend consolidation ofRipple was dominated by sideways consolidative action. However, the upside was capped at $0.2850.

The price has been workingbetween the 50 SMA support and 100 SMA support. The RSI recovered from oversold conditions.

Fukushima Bank will integrate theMoneyTap app powered by Ripple. Thus, customer convenience will be improved,and the operational costs will be reduced.

RippleNet recently announced thatit had surpassed more than 300 customers. There have been ten times a year over year growth in the Ripplenettransactions. The On-Demand Liquidity,which leverages XRP, eliminates the need for pre-funding in cross borderpayments.

Brad Garlinghouse, CEO of Ripple, stated, “This year has been our strongest for Ripple yet. In 2019 we’ve seen continued momentum with customers, growth of RippleNet, and adoption of On-Demand Liquidity. In just a year since we launched ODL, we are already making an impact on the bottom line for our customers.” Further stated, “We’re excited to continue this momentum into next year and for the expansion of ODL into new markets.”

Swell, the two-day annualconference of Ripple, was organized in Singapore from November 07, 2019 toNovember 08, 2019. The Keynote speakerswho made it to the event were Kamal Quadir, bKash CEO, Ambassador Chan HengChee, Ambassador at Large of Singapore Foreign Ministry, and Dr. RaghuramRajan, Katherine Dusak Miller Distinguished Service Professor of Finance atChicago Booth.

The event showcased what isunfolding in the global payments sector these days and about why it matters inthe remittance industry.

Kahina Van Dyke, Rippleenthusiast, tweeted, “The magic is when the money moves with the data.”

The ODL frees up capital andprovides for the most competitive rates in the cryptocurrency industry. Fastestservice with low cost is possible with ODL.

Brad Garlinghouse stated thatdespite all the skepticism about how XRP can be used for cross borderliquidity, more than 20 customers are using XRP for cross-border liquidity, andthe industry is further working to identify the use cases around theblockchain.

Reportedly, at one point, somecompanies migrated to the XRP ledger as it is efficient. The crowd of XRPinvestors is continuing to weigh every word said or written.