XRP will go up after IBM’s deal with Expertus Technologies
IBM acquires Canadian company Expertus Technologies
Expertus Technologies has been working with Ripple since 2016
Partnership could be a new impetus for XRP growth
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Tech giant IBM has bought Expertus Technologies, one of Ripple’s business partners. Investors expect a sharp rise in cryptocurrency in the near future
IBM will be able to use the Ripple blockchain to organize payments
Technology giant IBM announced the acquisition of Expertus Technologies, one of Ripple’s partners. According to Bloomberg report, the company will try to reduce IBM’s payment costs with proposed technology solutions.
In particular, the Ripple blockchain is used by financial institutions to make cross-border payments instead of the SWIFT payment system, which can significantly reduce costs and speed up the process of transferring funds..
The rest of the details of the deal, as well as the total amount have not yet been disclosed. However, this news revived the cryptocurrency market. The Canadian company Expertus Technologies entered into a partnership agreement with Ripple in 2016. The collaboration was aimed at developing technological solutions for companies in the financial sector.
Note that XRP has overtaken Bitcoin in terms of growth and increased its share in the global market by 2.6% (up to 5.5%). XRP Price Increases 177% In November.
XRP price increased by 22% per day
XRP is recovering quickly from a drawdown earlier in the week. During the day, the cost of the XRP token increased by 22% and exceeded the $ 0.55 mark.
As a reminder, the price of the asset rose sharply after the announcement of the Spark token airdrop. Against this backdrop, XRP broke the $ 0.9 mark and set a new multi-year high. However, right after the snapshot of the market balances, a correction began, bringing XRP back to below $ 0.5.
See also: Spark Giveaway: Everything You Wanted to Know, But Were Afraid to Ask
Well-known crypto-Twitter analyst Michael van de Poppe said the price could return from $ 0.45. However, the news that IBM has acquired a partner Ripple has improved the mood in the market..
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