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Major Investment in Ripple

Source: stockphoto-graf (Shutterstock)

Ripple (XRP) registered today a transaction of 0.9 billion XRP that translated into an impressive 700 million USD. Even though the identity of the person, or most likely a big company/firm, is still unknown this represents major confidence in the project and the underlying technology of Ripple (XRP).

You can check out the confirmation of the transaction through the link below:

https://xrpcharts.ripple.com/#/transactions/49E7719C7A53FC1561A539A4D1C0923352B395870095A29659B0352A97C1C101

According to Oracle Times, the fluctuation of $0.01 USD for this particular investment will represent roughly 7 million USD. If this is a form of investment they sure will be rewarded in 2018.

This week, Ripple (XRP), more than doubled its evaluation, registering $0.25 USD by the fifth of December and just two weeks later an astonishing $0.80 USD. Everyone was already planning on buying a ticket for ride due to the most recent exposure in Japan but not everyone got in.

After the climb of the past week a lot of people are considering if it’s still worth it or not. Ripple (XRP), by the deployment of the test net in Japan between more than 50 banks, has gotten a lot of notoriety and has proven itself as valid project even if its aim is to work with financial institutions such as banks.

This deployment of the test net aims to be the data layer underneath transaction amongst banks and by doing so envision the possibility of saving about 60% in costs.

Japan was already expected be the home of such experiment since it is one the world’s capitals in the crypto community. It is estimated that 84% of the population in Japan has heard about Bitcoin, that is a very progressive style of thinking. The test net experiment between the banks wants to also include cross-border transactions with South Korea.

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Written by Brad Chillum

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