XRP spikes nearly 10% after SWIFT partners with R3

30 Jan, 2019 | Updated: 30 Jan, 2019
by Richard Allen
Breaking News
XRP spikes nearly 10% after SWIFT partners with R3

XRP has seen an astronomical surge in a very short amount of time, spiking just under 10% in less than an hour.

The most likely explanation for this is the recent news that global services for financial payments provider SWIFT has decided to partner with blockchain firm R3, which uses XRP.

Read more: Payments network SWIFT said to be looking to integrate blockchain tech with R3

The partnership will see SWIFT test its gpi payments through R3’s Corda platform, an open-source distributed ledger platform that has already attracted the attention of healcare institutions, the insurance industry as well as governments. The result of the announcement has seen XRP skyrocket 9.74% in the last hour or so, trading at $0.317 making it one of the top earners today.

Read more: These are the 3 coins to watch for February

Echoing the market sentiment, the community is ecstatic over the news. XRP supporters have taken to Ripple’s subreddit to express their joy. “Ok fine, I’ll buy the dip. Wait, what happened!!??? (((cries in joy)))” writes one user. “I can't believe we’re up after some good piece of news! Feels like 2017 again,” writes another.

Other have taken to Twitter to express their delight over the price surge:

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Read more about: Ripple (XRP)

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