Published On: Sat, Jan 13th, 2018

Ripple price news LIVE: Ripple bounces back above $2 as Bitcoin PLUNGES post MoneyGram

The price of Ripple is back up from yesterday’s low of $1.62, which was 57 per cent down on the all-time high on Thursday January 4. 

The latest rise in XRP comes after money transfer giant MoneyGram announced plans to use for faster international payments. 

The price of bitcoin plunged after the Ripple and MoneyGram news broke at about 2pm yesterday but it has slowly risen back up today. 

The CoinMarketCap currency tracker below shows the latest XRP price in real time. 

Here is the latest news and price updates on Ripple mania. 

8.50pm: Ripple owners panic as popular crypto exchange goes dark

Kraken, one of the biggest and most popular crypto exchanges, has been down for several hours now.

The crypto exchange initially went dark round 9pm Eastern Time on Wednesday for scheduled maintenance.

Kraken said in an online statement: “We are still working to resolve the issues that we have identified and our team is working around the clock to ensure a smooth upgrade.

“This means it may still take several hours before we can relaunch the site.”

5.30pm: Ripple users demand PayPal implements crypto system

Several PayPal users have approached the money transfer gains about the possibility if implementing Ripple’s money transfer system into its services.

But for the time being, a PayPal customer support representative said there are no plans to adopt Ripple, in resposne to questions on Twitter.

Paypal said online: “Thanks so much for reaching out to us. At this time we do not have any news about partnering with Ripple. 

“Should this change you will definitely see a notification here on our social media.”

Later adding: “At this time, we have no news about partnering with Ripple. If this changes, it will be announced through our different platforms.”

5pm: Sebastian Kettley takes over live reporting from

Ripple news: PayPal users ask for implementationGETTY

Ripple latest: PayPal users have asked if the money transfer platform will adopt Ripple

4.46pm: KFC Canada add the Bitcoin Bucket to the menu

KFC customers in Canada can now use bitcoin to buy the Bitcoin Bucket of “finger lickin’ good chicken”. 

KFC Canada tweeted: “Sure, we don’t know exactly what Bitcoins are, or how they work, but that shouldn’t come between you and some finger lickin’ good chicken.”

2.46pm: Ripple will continue to grow if deals continue

BitBull Capital boss Joe DiPasquale predicts that XRP will continue to perform well on the market if partnerships like the MoneyGram deal continue.

“MoneyGram is the latest example of Ripple’s masterful cadence of announcements of deals with large companies,” he told Forbes.

“Every time Ripple announces a partnership, we see an increase in value.” 

He added: “If Ripple’s strong partnerships continue, I expect its value to continue to increase.”

ripple price news CoinMarketCap

Ripple price news LIVE: The latest price chart for ripple

1.30pm: MoneyGram coming together with Ripple hailed as ‘amazing’ 

Cory Johnson, from Bloomberg News, said: “Moneygram and Ripple are absolutely in competition with each other. 

“To see these two businesses come together and see Moneygram look at a way to move money faster is an amazing thing. 

“It will give them a huge leg up over competitors like Western Union. But it also massively erodes their business model. 

“It’s interesting to see these guys I think probably smartly recognise they have got to get ahead of this train or they are going to be on the tracks.” 

Noon: MoneyGram to use XRP for international payments 

Ripple CEO Brad Garlinghouse tweeted: “I’m pleased to be able to share @MoneyGram has partnered with @Ripple to use $XRP in their payment flows.”

The Ripple website said: “To allow their customers to send and complete cross-border payments quicker and cheaper, MoneyGram — one of the world’s largest money transfer companies — will use XRP in their payment flows.” 

Ripple price LIVEGetty

Ripple price LIVE: Ripple bounces back above $2 after 50% plunge from record high last week

11am: Ripple is not the next bitcoin, says MIT

Mike Orcutt, associate editor at MIT Technology Review, has said that the Ripple price rise was based on a misplaced assumption. 

He said: “The exuberance was fueled, at least in part, by a belief that anyone buying up XRP was getting in on the next Bitcoin. 

“But for some it could end up as a very expensive lesson that what they bought into is a different animal altogether.” 


10.30am: South Korean ban fears could be ‘overblown’ 

The prices of bitcoin and Ripple have been falling due to fears that South Korea is preparing to ban cryptocurruncy trading.

But Finance Professor Geoffrey Smith, W. P. Carey School of Business at Arizona State University, has suggested that Korean government’s intention may be to only ban anonymous cryptocurrency. 

“The Korean government is requiring Bitcoin traders to do so under their real name, not anonymously,”says Finance Professor Geoffrey Smith, W. P. Carey School of Business at Arizona State University, told Forbes.

“If the purpose of this is to protect their citizens from deception, fraud, or theft, then it is good.” 

10am: , says expert

Zhao Changpeng, CEO of Binance, has dismissed Warren Buffet’s comments that the cryptocurrency craze will “definitely” end badly for the likes of bitcoin and Ripple. 

Mr Changpeng told Bloomberg: “Warren Buffet is a guy I truly respect from an investment point of view I think he knows stock investment, equities investment very well.

“But I do not think he knows cryptocurrency at all. 

“So it is what it is, I still respect many other parts of his expertise but I think on cryptocurrency he is making a mistake.”

Celebrity Funny Gaming
Health Food-Recipes Books
Sports Lifestyle Music
Movies Business World
Fashion Top Stories Travel
Technology Education

buzzfix TODAY


Most Popular Posts