Ripple [XRP] recently announced that one of the largest Korean digital asset exchanges, Coinone, has joined RippleNet to use Ripple’s leading solutions for cross-border payments and settlements, xCurrent. Coinone will be the first exchange in the country to make use of the power of RippleNet. Coinone handles over $97 million worth of transactions every day and wants to use blockchain to make cross-border payments simpler.
Wonhee Shin, CEO of Coinone Transfer, says:
“We are proud to be the first digital exchange in Korea to join RippleNet and implement Ripple’s xCurrent solution. Ripple’s xCurrent solution will revolutionize the lives of our customers by providing them with a real-time, low-cost global remittance service.”
After reaching a high of $.92 in the last 7 days, XRP is consistently falling down and there seems to be no sign of crossing the $1 mark. Currently the price is hovering around the $.77 mark and many speculate that this partnership will fuel the currency traders to trust Ripple more.
XRP is still at number 3 just behind Ethereum and Bitcoin with $30 Billion market cap and has lost nearly 6% in the last 24 hours. XRP traders still believe it will rise ‘to the moon’. Mr. Swing Trade, aka Eric Choe, believes it to be the most useful coin overall.