XRP has been on a monumental rally over the past few weeks, surging over 40% since mid-October. The price boom comes as Ripple has notched major adoption and legal victories, renewing confidence in the payments-focused cryptocurrency.
Keypoints
- XRP’s market capitalization increased by over $2 billion to $37.44 billion on November 8 following news of Ripple’s payment network expansion.
- Ripple is partnering with fintech Onfariq to open new payment routes between Africa, the UK, Australia, and Gulf countries. This will enable faster and cheaper remittances.
- The partnership highlights Ripple’s growth and resilience after its legal win against the SEC, which dropped charges against Ripple executives.
- Besides the Onfariq deal, Ripple has also gained major payment licenses in Singapore and multiple US jurisdictions.
- With legal troubles behind it, Ripple can now focus on expanding adoption of its payments network and…
