That positive sentiment appears to have stalled, however, with the price of ripple, the informal name for the XRP token, failing to move on the latest announcement. The company behind ripple, Ripple Labs, revealed last night it has signed up three U.S.-based companies to its new xRapid service, allow the cryptocurrency XRP to carry out international transactions in "a matter of minutes." The ripple price has fallen from recent highs of $0.61 since the beginning of the Ripple Swell event yesterday, dropping to $0.58. A couple of weeks back Sagar Sarbhai, Ripple Lab's head of regulatory relations for Asia-Pacific and the Middle East, teased xRapid in an interview with CNBC, sending the ripple price sharply higher. The ripple price surged to more than $3 last year, up from just $0.006 it began of 2017.

Source: Forbes October 02, 2018 05:19 UTC