R3’s Marco Polo Platform Records New Blockchain Transaction Agreement

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R3’s Marco Polo Platform Records New Blockchain Transaction Agreement
The Marco Polo platform, jointly developed by R3 and TradeIX, has just facilitated a new transaction entirely via blockchain. It’s a new step towards production.
R3’s Marco Polo Platform Records New Blockchain Transaction Agreement

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Source: CoinSpeaker

Wall Street-Backed Blockchain Consortium R3 on Its IPO Consideration

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Wall Street-Backed Blockchain Consortium R3 on Its IPO Consideration
Blockchain consortium startup R3 is said to be considering an Initial Public Offerings (IPO). Sources familiar with the report reveals that R3 is in talks with an adviser over a potential public listing.
Wall Street-Backed Blockchain Consortium R3 on Its IPO Consideration

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Source: CoinSpeaker

XRP/Ripple: R3’s Corda to further partnership with credit-union centric CULedger

The XRP community has added yet another accolade to its growing repertoire, with the inclusion of CULedger on R3’s Corda network. This partnership is a bid to expand the credit-union centric firm’s cross-border payment options.
A press release published on May 21 stated that the R3 Corda platform will greatly improve the payments realm for credit unions and financial cooperatives. The press release added that Corda will act as a foundation for CU Pay, the firm’s electronic funds transfer [EFT] product.
CULedger aims to leverage this partnership with R3 to help its credit unions better deal with the risks pertaining to cybersecurity, fraud, and malfeasance. In addition to this safeguarding, the association will boost “member experience, streamline internal processes and reduce administrative and operational costs.”
In lieu of this partnership, Corda Settler, the open-source Cor-DApp centered around the settlement of Corda transactions, will be integrated with CULedger and CU Pay. The press release adds,
“This will allow credit unions using CULedger’s network to choose from a variety of near-instant, secure and affordable domestic and cross-border payment options to meet theirs and their members’ needs.”
CULedger and R3’s relationship began in 2018 and now, the firm aims to further the same with the objective of CU Pay, which is pegged to launch in early 2020 and will be available for credit unions on their network.
David E. Rutter, CEO of R3 stated,
“Corda’s unique approach to privacy and security will support CULedger’s efforts to develop ground-breaking blockchain-based applications for self-sovereign digital identity and fraud detection. We look forward to working with them to create significant efficiencies for credit unions and their members.”
Adoption is reigning high for Corda, with several partnerships making the news. As per their official website, Corda has now partnered with almost 250+ organizations worldwide, and some of these partnerships include companies like Amazon Web Services [AWS], Citibank, HSBC, Huawei, Infosys, Capgemini, and Intel.
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Source: AMB Crypto

XRP: Yoshitaka Kitao says he could become an “official of the Ripple Inc.”

Yoshitaka Kitao’s lecture from July 2018 was made public during the “Daiwa Investment Conference Tokyo 2019.” During the lecture, Kitao addressed a wide range of topics spanning the adoption of XRP, Corda and the Osaka Expo that is set to happen in 2025.
Kitao’s spoke about his overall strategy envisioning an ecosystem that was purely based on digital assets. He opined that the lawsuit between Ripple and R3 had to be sorted before an alliance could be achieved that would bring his plans to fruition.
Kitao acknowledged the smart contract platform that was brought to the table through Corda, which is currency agnostic, but also has a high “affinity for XRP”. He added that the alliance between Ripple and R3 would yield a “Global Standard” and that SBI Holdings was in full support of the same.
According to Japanese news portal, Coinpost, Mr. Kitao said, “I myself may be an official of Ripple Inc.” He added,
“We have a thick pipe with both companies that can become a global standard, and we will do our best to support you.”
SBI Holdings plans to achieve synergy in different sectors of the industry by leveraging partnerships with companies that are simplifying payments using blockchain and digital assets. Kitao previously revealed his plan to make Japan’s payment industry frictionless and help people take back control of their own money.
Kitao’s goal has been inching closer to reality due to advancements by Ripple and R3 and their partnerships with various banks in Japan and across the world. The XRP community reveres Kitao as he has been vocal about his fondness for XRP.
@ruscan90, a Twitter user commented,
“I was enthusiastic?? So I guess no 10$ EOY or with start of SBIVC… Story of my life… Guess we have to wait a couple more years for mass adoption. Still believe in XRP”
@FinesseDLT, another Twitter user commented,
“Looking forward to a world where “a glorified paypal” becomes the standard asset for the financial world.”
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Source: AMB Crypto

XRP/R3: Corda has the potential to scale vastly, says R3’s head of solution engineering Dave Hudson

In a recent podcast called ‘Life in the fast chain’, Todd McDonald, the co-founder of R3, and Dave Hudson, head of solution engineering, R3, spoke about the partnership between Swift and R3, Corda Settler, and how blockchain technology is changing the payments industry.
Hudson spoke about how R3 is trying to connect customers across different corporations and help them transact privately. Hudson added that there were blockchains that broadcasted messages to everybody, and unlike them, Corda Network maintained the privacy of users.
Speaking about the scalability, Hudson added that Corda was “designed to scale and allow messaging to happen in an organic way”. In addition, he said:
“… Over the last year, we’re finding more and more applications where that’s [scalability] a key requirement. We want to be able to build things that scale massively and so the capability of any individual component can improve over time but the capacity of the entire network can be absolutely vast.”
Talking about another feature, Hudson said that they were working on “shrinking” Corda and elucidated the idea by using Linux as an example and how one needed expensive hardware to use the operating system. He added that they were trying to do the same with Corda. Hudson stated:
“The idea of shrinking Corda is really exciting, we’ve made some design choices that will allow us to do that sort of thing. We are not relying on things that will only ever have to be vast in scale.”
R3 is a US FinTech company which deals in blockchain-related technology [Distributed Ledger Technology] and developing and maintaining Corda, a distributed ledger technology platform. R3 has over 250+ partners spread across the world and has added another partner to its list recently, ING bank, which will also make use of Corda’s payment solutions.
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Source: AMB Crypto

XRP/Ripple: R3’s Corda Settler dApp to be tested by InstiMatch Global using XRP

The development and extensive adoption of cryptocurrencies across various institutions is a continuous operation. Ripple’s XRP, which is currently the third largest cryptocurrency in the market is constantly cultivating different partnerships and pushing the virtual asset forward for major trade applications.
InstiMatch Global is a networking firm which is trying to digitize the institutional system of allowing borrowers and lenders to establish trade through their own digital network. The company has now established a partnership with the R3 consortium which includes the testing of the Corda Settler platform for high-speed payments.
InstiMatch will test the Corda Settler platform and its ability to conduct large transactions in XRP as part of a pilot project. The testing for the platform is supposed to settle high volume transactions of over $1 billion with XRP in a tie-up with around 50 banks.
R3, a company based on distributed ledger technology for blockchain solutions has an extended platform product which is Corda. The Corda Settler platform is an open-source decentralized application on the R3 network and it was designed to enable large corporations and companies to move virtual currencies and assist in trade settlements and payments.
R3’s official website states that,
“Our money market offering in R3 Corda is a highly secure, GDPR compliant DApp allowing Banks, Family offices, Corporations, Utilities etc. to exchange liquidity amongst each other. This DApp offers the modern alternative to voice broking and replaces our present, centralized database version.”
InstiMatch has been able to tackle the latest settlement API and it has added the option of high-speed payments, which is crucial for the dedicated and quick execution of intra-day trades, via the Corda Settler dApp.
InstiMatch is hoping to have more than 100 counterparties from various sectors of trading and reach a broader region of involvement in the next 12 months.
This is not the first time Ripple’s XRP and R3’s Corda are headlining together. Previously, a major partnership had developed between both the companies and SBI Holdings, which acted as a medium of comprehension.
The President and Representative Director of SBI Holdings, Yoshitaka Kitao recently pointed out that XRP will become a global currency in the near future. He also mentioned,
“You can use R3’s ‘Corda’ for international remittance, but Corda Settler and XRP use this because they have high affinity. That’s why the SWIFT partnership with R3 (Corda) is good news that brings bright materials to the market… What I emphasize is to combine R3 and Ripple to make XRP thoroughly practical useable.”
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Source: AMB Crypto

XRP price prediction 2019: To the moon or to the depths of the abyss?

XRP seems to be doing well for itself ever since it overtook Ethereum [ETH] to become the second-largest cryptocurrency in the world [by market cap].
Ripple, on the other hand, has also performed splendidly, considering its partnerships with a plethora of banks and FIs around the world. Ripple wants to build an ecosystem on the RippleNet for remittance and cross-border payments, and it plans on doing the same by leveraging the cryptocurrency XRP.
In the long-term, Ripple will emerge as a winner and along with it will rise XRP, considering the developments going on Japan’s SBI Group and SBI Holdings, which are planning to disrupt and reshape the whole of Japan’s payments industry with XRP as a tool to accomplish it.
The road so far:
2017
The year 2017 was the year of the bulls which projected the prices of every cryptocurrency in the ecosystem to plummet to unfathomable heights. XRP attained a price of $3.349 per token and the market cap at this point reached $145 billion on January 04, 2018, right after Bitcoin hit its peak on December 17, 2017.
2018
Most analysts in the market expected Bitcoin and every other cryptocurrency to pump higher. While some people in the XRP community believed that the price will shoot up from here to $10, others were mesmerized by BearableGuy123, Ripple and XRP’s very own jester, who put out riddles, and people interpreted the price of XRP to reach an appalling $589 by the end of 2018.
Most of the people in the community thought that it would be possible due to Ripple’s payment solution xRapid, which leverages XRP as a bridge currency to perform cross-border payments.
Brad Garlinghose, the CEO of Ripple, said in one of his interviews:
“I’ve publicly stated that by the end of this year I have confidence that major banks will use xRapid as a liquidity tool, this calendar year. By the end of next year I would certainly hope we would see in the order of magnitude of dozens.”
This statement of Brad Garlinghouse made people believe in the jester.
Another reason why people expected the price to reach $589 or “$5.89” was due to Ripple’s plan to launch “Cobalt” which, according to the Ripple, would drastically decrease the already fast transaction time.
People in the community speculated that since Cobalt’s mass number is 58.9, the price could inadvertently reach $589 or $58.9 or $5.89 by the end of the year.
As the year 2018 came to an end, some people admitted that it wouldn’t happen, while others still believed that $589 is attainable.
There were some massive improvements and updates that the company Ripple had provided, like the signing up of 200+ banks. More than five banks across the world have started using the xRapid payment solution now. MercuryFX successfully transferred money across the border using xRapid recently.
2019
Apart from the above, R3’s Corda Network was turned on, which will use XRP as a settlement currency. R3 announced that it had crossed more than 280+ partnerships, which included a couple of central banks.
SBI Holdings, a consortium of banks across Japan, announced a partnership with R3 and set-up a joint venture to improve Japan’s payment industry.
What to expect?
The XRP community speculates that the partnership between SBI Holdings, R3, and Ripple puts XRP smack in the middle of  SBI CEO’s [Yoshitaka Kitao] plans to launch XRP across Japan in efforts to reshape and restructure their payment system before the Osaka Expo 2025.
Technicals
Daily Chart
The chart below shows the year 2018 so far and how the cryptocurrency XRP has performed over the year 2018. A strong downtrend can be seen hanging over the XRP daily price chart that extends from January of 2018 till date.

The one-day chart shows the formation of two distinct falling wedges for XRP as seen in the chart above. Falling wedges are usually trend reversal patterns that indicate a breakout depending on where there are formed.
The first wedge spanned 256 days and the breakout that occurred pushed the prices by 192% i.e., the prices shot up from $0.26 to $0.76. The second wedge has so far ranged for 141 days and a breakout might happen at any moment. There is, however, a possibility of prices moving sideways for a couple more days.
If the breakout happens, it could drastically increase the price of XRP to two possible levels, the first $0.5798, and the other level, a bit higher than before, $0.7971, which is the highest point of the wedge.
Weekly Chart
The longer time-frame for XRP shows a very different scenario as the prices are forming a descending triangle pattern, and as per the definition, it is a bearish signal.

The volume for the weekly chart also shows a declining trend, further substantiating the descending triangle pattern. The prices might dip in the upcoming days as the price might dip a little lower, possibly to the $0.18 to $0.14 range.
This range could be the capitulation range and there is a probability that the bull run might begin after the weak hands get out of the market.
Market Sentiment
The Ripple and XRP community is particularly fond of XRP and are expecting the prices to the moon due to the success of xRapid. As per recent unfoldings, many banks have started using xRapid.
Moreover, SBI Holdings has partnered with Ripple and R3 and is on a plan to disrupt the Japanese payment industry and simultaneously reshape the payments infrastructure. SBI plans to leverage XRP to make it happen and the CEO of SBI, Yoshitaka Kitao has very ambitious plans to make that happen by 2025.
Considering all the above facts, it can be said that the price of XRP could very well disregard the Technical Analysis and shoot up higher, breaking all the resistance points and maybe even crossing the previous highs at $3.65 when xRapid goes into full effect, or when FIs and Corporate players start using Corda.
The post XRP price prediction 2019: To the moon or to the depths of the abyss? appeared first on AMBCrypto.
Source: AMB Crypto

Ripple Price Analysis: SWIFT Unlikely To Use XRP Even After Corda Trial

Ripple price cool off after yesterday’s eruption
SWIFT using XRP unlikely even after Corda test phase
Bull momentum building up as transactional volumes increase

After impressive gains, candlestick arrangement supports XRP bulls. To that end we expect bull momentum to build up as uncertainty around SWIFT using XRP after Corda test phase mills.
Ripple Price Analysis
Fundamentals
A level deeper and the excitement around the newfound, indirect partnership between Ripple and SWIFT through R3’s Corda Settler will subside. After a technical review, it is apparent that SWIFT GPI Link is, in fact, a direct competitor or Ripple’s xCurrent with end-to-end tracking capabilities.
While SBI Holdings and Yoshitaka Kitao may be pulling string–SBI Group has investments in both companies, Corda Settler, it appears, will only act like any other “Layer 2” router. A layer that will facilitate cross border payment between these two networks. That is despite their supporting XRP. After all, it can support any other cryptocurrency—even XLM—”Settler will be open to all forms of crypto and traditional assets.” Nothing is exclusive.
The Proof of Concept is in progress, but at the end of the day, both companies will be advancing their solutions. Everything else constant, a scenario where SWIFT GPI Link and SWIFT in particular use XRP is highly unlikely.
Candlestick Arrangements

On the charts and XRP prices are cooling off. Despite double-digit gains of Jan 30, there has been no follow through, and prices are overly stable. All the same, we are bullish. Even if there are counter-arguments around XRP, SWIFT, and Corda, candlestick arrangement points to bulls.
Like before, we shall trade in line with our previous XRP/USD trade plans. That means, before we recommend longs, there must be a full close above 34 cents. That’s not all. Confirmations that trigger risk-off long traders must have the support of high trade volumes. These volumes should preferably exceed recent averages of around 17 million.
Only then shall we suggest buys on dips. First modest targets will be at 40 cents and later Dec 2018 highs at 60 cents. Before then, our optimism stems from the double bar bull-reversal pattern printing after yesterday’s upswings.
Technical Indicators
Although it would have been ideal for yesterday’s volumes to exceed those of Jan 10—83 million, there is a shift of momentum. After a clear high-volume bull bar—49 million versus 17 million averages, there is a propensity for traders to “jump in.”  However, patience is needed. Prices must first rally above 34 cents confirming yesterday’s bull bar preferably with transactional volumes exceeding Jan 28’s 31 million.
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Source: New feedNewsBTC.com

XRP will be used by several major banks around the world for cross border payments says SBI’s CEO

Ripple’s major partnership in the east comes from Japan’s bank consortium SBI, which has several major banks under its wing. The CEO of SBI, Yoshitaka Kitao said in an interview with Boss’ monthly issue that major banks will use XRP around the world for Cross Border Payments.
A Twitter user and XRP enthusiast, @Dillon posted a tweet which translated the Boss’ monthly issue. He tweeted:
“SBI CEO @yoshitaka_kitao says he thinks 20 major banks will use XRP in 2019! And some other nuggets. Translated from the BOSS monthly issue Feb 2nd 2019. Lets go”
As per the interview for Boss, which is a 24-page monthly issue about the future of payments, Yoshitaka Kitao said that he was looking for new ways to integrate XRP into the payment system and that he wants to implement XRP massively before the 2025 Osaka Expo.
Mr. Kitao continued that it was difficult to make payments via Bitcoin and that he believes that XRP would be an alternative. He continued that he wanted to set the stage for XRP to take off when the time was right.
He continued:
“I think 2019 is the year when approximately 20 of the world’s major banks would start to incorporate XRP for international money transactions.”
Kitao added that Japan already has a money transfer application called “Money Tap” which used Distributed Ledger Technology [DLT] but not XRP and that he wants to inculcate XRP via “Corda” which is R3’s application for transferring assets.
With the recent R3 and SBI Holdings partnership, Mr. Kitao’s dream about setting XRP for a massive implementation in the financial system is closer to reality.
Yoshitaka Kitao stated:
“We would like to create a joint venture with R3 and SBI in Japan like we did with Ripple. And start up the consortium as soon as possible and develop the system while holding the conferences in which many people can learn the system in parallel. In this way, by using XRP, visitors from all around the world come to Japan can pay bills  without exchanging the money from US dollars to Japanese Yen.”
Yoshitaka Kitao said that as soon as this partnership is done, they will be focussing on expanding this system across the world and that it was his dream to achieve this. Kitao said:
“Ripple has a strong feature on transferring money, therefore, we can take advantage by using Ripple for international money transfer and the rest of the transaction will be done using R3’s Corda… Our current strategy is to expand worldide and complete the system before Osaka EXPO 2025”
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Source: AMB Crypto

Ripple-Swift Rumour Gets Rekindled as Ripple CEO Says, Open to “work with Swift”

Speculations around Ripple-Swift partnership is rekindled as Swift announces its partnership with R3 for its Corda platform that uses XRP and Ripple CEO Brad Garlinghouse said, Ripple was open to “ways we could work with Swift.”
XRP Surges as Swift Announces partnership with R3
As the crypto market turned green, XRP shot off nearly 10 percent. The 2nd largest cryptocurrency has been trading at $0.3194 at the time of writing, as per Coinmarketcap data. In the BTC market as well, it is in the green by 8.14 percent. With a market cap of $13 billion, it is currently managing the daily trading volume of $653 million.

XRP 7-days price chart, Source: Coinmarketcap
XRP has taken off on the back of rumour mill centering around Swift and Ripple. Today, Swift, the arch-nemesis of Ripple announced a partnership with R3, an enterprise blockchain consortium. And the rumour mill has already started going.

According to the announcement, the global payments network, Swift that has 11000 members to its name has launched a proof of concept (PoC) connecting GIP with the R3 Corda platform to “trial a new gateway to interlink trade and e-commerce platforms. The result of this trial will be published in September.
“Following the recent launch of our Corda Settler, allowing for the payment of obligations raised on the Corda platform, it was a logical extension to plug into SWIFT gpi,” said David E. Rutter, CEO of R3
Speculations Rife
XRP supporters are extremely excited and that can be seen in the sudden spike of its prices. Now the speculations are rising yet again, providing XRP the opportunity to achieve adoption by Swift.
One such enthusiast commented, “We’ve known this for awhile and yet people seem to still think that Swift and XRP have no connections whatsoever when that’s obviously not true at all. Looks like a lot of people are finally seeing what we have been saying for a long time now.”
And another one, “BOOM!!!!!! R3 and Swift! Perhaps XRP integration through Corda!”
However, this time there’s is a good reason for XRP community to speculate as not only R3 uses XRP with the Corda platform but today, at the Paris Fintech Forum, Swift CEO, Gottfried Leibbrandt, who will be stepping down in June, talked about XRP.
“I think that the big part of Ripple’s value proposition is the cryptocurrency XRP. There we do find the banks are hesitant to convert things into a cryptocurrency right now because of the volatility in the currencies” said Leibbrandt.
Also, the presence of Ripple CEO Brad Garlinghouse on the panel that according to CNBC, said that Ripple was open to “ways we could work with Swift,” further fuels the fire.
The post Ripple-Swift Rumour Gets Rekindled as Ripple CEO Says, Open to “work with Swift” appeared first on Coingape.
Source: CoinGape

Ripple, Hold On! SWIFT Announces Integration with R3

CoinSpeaker

Ripple, Hold On! SWIFT Announces Integration with R3

R3 is taking the global financial network by storm. Recently, the blockchain enterprise took SWIFT away from the hold of Ripple and is threatening Ripple’s own existence.

Ripple, Hold On! SWIFT Announces Integration with R3

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Source: CoinSpeaker

Swift chooses R3 over Ripple and XRP Flash Rise Based on Hyped Fundamentals?

Earlier today at the Paris Fintech Forum, Swift CEO, Gottfried Leibbrandt announced integration with R3. He said,
“we are announcing later today a Proof-of-Concept with R3 blockchain on trade, where you can initiate a payment on the trading platform, and then it goes into GPI. So we’re exploring interconnectivity with a lot of things.”
Swift is an 11,000-member global payments network that has established a global empire for cross-border payments. XPR gained 11.15% with a flash price rise from 0.288 to 0.319. RippleLabs and R3 have for long coveted a partnership or rather take-over of payment channel from Swift using the DLT platform.
The integration is nevertheless excellent news for XRP HODLers. Brad Garlinghouse, the chief executive of Ripple, a fierce competitor to R3 was also attending the conference who noted that
“I hear people talk about volatility and I feel like they’re propagating this misinformation,” he said. “Mathematically, there’s less volatility risk in an XRP transaction than there is in a fiat transaction.”
30-minute XRP/USD chart on Bittrex
Price Analysis of the Sudden Rise
The charts reveal that there was a ‘fundamental’ push in the price. The gap along with Volume rise signifies sudden market action because of positive news. However, a look at the RSI index – 75 in the same graph, the charts suggest oversold conditions. The 1-D chart indicates that if the price breaks the $0.34 resistance, then an upside towards $0.40 is on the cards.
Volume Rise Momentary Or Trend Reversal next? 
The massive global XRP community HODLing their XRP’s are long awaiting an XRP bull run to $5. The partnership currently involves only a small group of Swift partners in the Swift GPI upgrade team. Swift with a small test group, Swift GPI, has rolled out new series of protocols since the last year to compete with the growing DLT platforms and specially Ripple and R3.
R3 with its DLT platform, Corda; will provide service to the member banks and institutions of the Swift GPI team in a series of tests for integration and full-scale adoption. The number of banks in the Swift GPI program is only 165 when compared to the 11000 total membership.
Ripple’s XPR is confirmed to be used as the primary settler of transactions on Corda; however, the amount of XRP or the associated volume is clear as of yet. The test network would be used to create comprehensive results after real-world application. The surge in volume earlier during the day, hence, might be attributed to weak or over-hyped fundamentals.
The post Swift chooses R3 over Ripple and XRP Flash Rise Based on Hyped Fundamentals? appeared first on Coingape.
Source: CoinGape

Ripple Price Analysis: XRP Benefiting From SWIFT–Corda Trial

Ripple price surge 10 percent
SWIFT GPI Link proof of concept with R3’s Corda
Transactional volumes picking up, spikes above averages

SBI Holdings may be behind an audacious plan of integrating SWIFT GPI with RippleNet via R3’s Corda Settler. The latter use XRP, and if that is the case, our previous XRP/USD trade assertions will be valid. With a 10 percent spike, it is likely that XRP could retest 80 cents.
Ripple Price Analysis
Fundamentals
Good news for Ripple and XRP. SWIFT, the global payment messenger platform, is in a proof of concept stage, trying out its new GPI Link payment standard withR3’s Corda. If anything—and if this testing phase is a success, then we could see SWIFT integrating XRP indirectly via the Corda platform. Remember, in Dec 2018, Corda Settler launched. Corda Settler is an application that facilitates cryptocurrency payments between enterprise blockchains via XRP.

We are excited to announce our partnership with @swiftcommunity to integrate gpi with Corda Settler. @Cordablockchain https://t.co/FyEJScr0j8
— R3 (@inside_r3) January 30, 2019

Furthermore, there is an existing partnership between R3 and SBI Holdings where the former has a 60 percent in the SBI R3 Japan venture. It doesn’t stop there. SBI Holdings also has a 60 percent stake in SBI Ripple Asia consortium, and the banking group is a keen supporter of XRP and Ripple solutions.
“SBI Ripple Asia is providing a next-generation payment platform powered by DLT (Distributed Ledger Technology) to financial institutions and remittance transfer providers in Asia as a joint venture of SBI Holdings and Ripple, a US FinTech venture.”
Candlestick Arrangements

From the above, it’s not hard to see why Takashi Okita of SBI Holdings is not pulling strings as SWIFT trials on Corda. XRP is up 10 percent at the time of writing with decent trade volumes.
We shall gauge the level of market participation by close but what is clear is that there is a double bar bull reversal pattern off 30 cents. The bar does confirm bulls of mi-Dec 2018 as well as bringing to light the previous trajectory set by Sep 2018.
Because of this, it is likely that XRP bulls will drive prices above 34 cents igniting risk-off long positions with first targets at 40 cents.
Technical Indicators
Even though we have a clear bull bar, transactional volumes are light—but above average. At the time of writing, today’s bullish engulfing bar was pumped by high-volumes –23 million. Trading ranges are extensive, but volumes are below those of Jan 28—31 million and less than 83 million of Jan 10. All the same, we are in the early stages of a trend reversal, and transactional volumes are building up.
The post Ripple Price Analysis: XRP Benefiting From SWIFT–Corda Trial appeared first on NewsBTC.
Source: New feedNewsBTC.com

Ripple/XRP: R3 and ING get into a partnership for large scale Corda Enterprise adoption

R3 has finalized a partnership with ING bank which will open ING to an unlimited number of licenses for R3’s commercial blockchain platform, Corda Enterprise.
The partnership deal between R3 and ING is for a span of five years which encourages adoption of CorDapps across a wide range of business functions.
Annerie Vreugdenhil, Head of Innovation for wholesale banking at ING, said:
“Our longstanding joint journey with R3 has proven that this is the most mature enterprise DLT solution to serve the needs of the financial service industry… We are one step closer to deploying live DLT solutions for our clients with the supported infrastructure in place.”
The CEO of R3, David E. Rutter said that ING bank has been a valuable and long-term partner of R3’s and that they have been an enthusiastic adopter of the blockchain. He said:
“As ING takes full advantage of access to Corda Enterprise, we look forward to seeing how the diverse CorDapp ecosystem can deliver gains in productivity, efficiency and profitability across the bank’s diverse business areas.”
R3 is an enterprise blockchain software firm with over 300 partnerships in both private and public sectors which are spread all across the world in multiple sectors like the finance, identity, insurance, and capital markets.
Moreover, R3 recently launched the “Corda Network” on January 16, 2019, which would be managed by a not-for-profit foundation, “Corda Network Foundation”. The foundation will operate independently of R3 and its decision making will be transparent and available to all networks.
Corda Network allows settlement of funds and transfer of data between communities of nodes which could be a collection of business networks and/or private networks which can be done via the CorDapps.
Furthermore, Corda Settler can settle payment obligations arising on Corda with XRP, which is integrated with the Corda settler. Moreover, Corda Enterprise offers additional features targeted at the needs of large and complex organizations, such as the world’s only Blockchain Application Firewall, 24/7 support, dedicated product management and support for industry-standard enterprise databases.
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Source: AMB Crypto