The Ripple CEO was speaking alongside Gottfried Leibbrandt, Swift's out-going chief executive, who announced the international payments network was partnering with Ripple rival, blockchain company R3. The ripple (XRP) price surged over a few months in 2018 as banks around the world announced they were experimenting with Ripple technology to speed up and save money on international payments. The ripple price surged to more than $3 in January last year, up from just $0.006 at the start of 2017. The ripple price is now trading at a little over $0.30, according to the latest prices from CoinDesk's tracker. The xRapid announcement in September sent the XRP price soaring as traders and investors bet that increased adoption from the financial services sector would mean greater demand for the token.

Source: Forbes January 31, 2019 07:49 UTC