A Static Movement in XRP; The CDO of Kotak Bank Gave a Hint Regarding the Future of Crypto in India

It can be termed as a piece of delightful news for Ripple community, Deepak Sharma, Chief Digital Officer of Kotak Mahindra Bank (India), said that RippleNet is helping the organization to reach out the new corridors. With the help of Ripple, the use of blockchain can be fast-tracked, he added. Regarding the use of blockchain in the formal economy, he said, “We’d rather disrupt ourselves than being disrupted by somebody else.”


XRP Price Analysis and Forecast

Ripple Price

On August 10, Ripple (XRP) was trading around 0.3041 USD. Nevertheless, in a duration of 25-days, the coin has gone down by a margin of 14.47%. In the weekly chart, however, the crypto has made a bounce-back of 1.97% from the trading price of 0.2551 USD on August 29. The strengthening is continued in the intraday trading also, where the crypto has shown a hike of 0.88%. On the other day, the coin was opened at 0.260838 USD and wrapped the day at 0.263139 USD. Ripple (XRP) has been moving towards the upper side of the chart at a steady pace.

The latest interview of the CDO of the Kotak bank revealed the future of XRP in India and how the formal sector of the economy is acknowledging the importance of altcoins. It is just a matter of time that the cryptos will not just be a part of the parallel economy but become mainstream. Meanwhile, the trends in Ripple is bullish in the short, as well as in the long term.

Recent Articles

eToro Broker Review 2020 – All You Need to Know About eToro Before Signing Up!

  Overview eToro was established in the year 2007, known as one of the leading social trading platforms. Offering more than 1,000...

Plus500 Review 2020 – What you need to Know before Signing up with this Broker

Overview Plus500 was established in the year 2008 and it offers online CFD...

Danal FinTech to Adopt a Complete AML Product Suite Developed by Uppsala Security

Decentralized cybersecurity solutions firm Uppsala Security announced on Tuesday that it had signed a cryptocurrency anti-money laundering (AML) solution contract with the South Korean mobile...

Bitcoin Scams and Regulatory Authorities: Things You Should Know

The decentralized nature of Bitcoin and other cryptocurrencies is like a double-edged sword. On the one hand, it provides freedom from any...

Bitcoin Vs. Banks: Why Banks Continue to Remain Preferred Choice?

The evolution of technology has divided the world as never before. On the one side, we have an army of technology advocates...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox