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Finablr’s UAE Exchange to Begin Blockchain Payments via RippleNet

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A notable United Arab Emirates-based UAE Exchange has partnered with a US startup Ripple to launch cross-border payments to Thailand through RippleNet. More countries are expected to follow.

UAE Exchange, which is part of Finablr, will work with Thailand’s financial giant Siam Commercial Bank. According to the announcement, the two will partner to offer international payment services via RippleNet. Finablr is among the key players in the Middle East region, which sees high levels of payment inflows from emigrant employees.

While announcing the new development, executive director and CEO at Finablr Pomoth Manghat said:

“The adoption of blockchain opens up the considerable potential to streamline remittances and provide a frictionless, fast and secure payments experience. The launch of this service is a significant milestone for us in our commitment to enable seamless services for our customers, and we thank our partners Ripple and Siam Commercial Bank for their collaborative support in this journey.”

Finablr’s UAE Exchange joins other Middle East-based financial institutions such as Kuwait House of Finance and National Bank of Ras Al Khaimah (RAKBANK) in using Ripple’s tech for cross-border remittances.

RippleNet boasts over 200 customers

RippleNet allows messaging, clearing and settlement of transactions. In an official announcement, the CEO of Ripple, Brad Garlinghouse, said over 200 financial institutions are using RippleNet. He added that 2 to 3 financial institutions are added to the network on a daily basis. Notable banks and financial institutions like Euro Exim Bank, JNFX and SendFriend, have integrated RippleNet. They leverage Ripple’s native token to source liquidity on-demand when sending payments on behalf of customers.

Currently, RippleNet operates in over 40 countries across six continents. According to Garlinghouse.

At the time of writing, Ripple’s native token XRP is exchanging hands ar $0.30, down just over 0.10% on the day, and over 2.26% on the week, according to Cointelegraph’s XRP Price Index.

Source: Coindoo

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Ripple (XRP/USD) weekly forecast on February 18 — 24, 2019

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Cryptocurrency Ripple (XRP/USD) is trading at 0.2985. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend for Ripple. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.

Ripple (XRP/USD) weekly forecast on February 18 — 24, 2019

As part of the forecast Ripple course is expected to test the level of 0.3210. Where should we expect an attempt to continue the fall of XRP/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 0.2350. The conservative Ripple sales area is located near the upper border of the Bollinger Bands indicator at 0.3250.

Ripple (XRP/USD) weekly forecast on February 18 — 24, 2019

Cancellation of the option to continue the decline of the Ripple rate will be the breakdown of the upper border of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotations of the pair above the 0.3520 area. This will indicate a change in the current trend in favor of the bullish for XRP/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.

Ripple (XRP/USD) weekly forecast on February 18 — 24, 2019 implies a test level of 0.3210. Further, it is expected to continue falling to the area below the level of 0.2350. The conservative area for selling Ripple is located area of 0.3250. The cancellation of the option of falling cryptocurrency will be the breakdown of the level of 0.3520. In this case, we can expect continued growth.

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Ripple forecast and analysis XRP/USD for 2019

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Ripple XRP/USD quotes are trading at 0.3071 and continue to move in the ascending channel. At the moment, we should expect an attempt to continue the fall and a test of the support level near the area of ​​0.1500. Further, the continued growth of cryptocurrency in the region above the level of 8.0000.

Ripple forecast and analysis XRP/USD for 2019

In favor of raising the XRP/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be made. As well as a rebound from the lower boundary of the rising channel. Cancellation of the growth rate of Ripple cryptocurrency in 2019 will be the fall and close of quotes below the level of 0.1000. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of XRP/USD to the area below the level of 0.0250. With the breakdown of the upper boundary of the descending channel and closing above the level of 0.9000, we should expect confirmation of the development of growth in Ripple.

Ripple forecast and analysis XRP/USD for 2019

Ripple forecast and analysis XRP/USD for 2019 implies an attempt to test the support level near the area of ​​0.1500. Where can we expect to continue the growth of cryptocurrency with a potential target at the level of 8.0000. An additional signal in favor of raising Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option quotes will fall and the breakdown of the area of ​​0.1000. In this case, we should expect the continuation of the development of the downward trend in digital currency with a target below 0.0250.

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Crypto Visa Card Now Supports XRP, Tron, Bitcoin Cash, Litecoin, EOS, Binance Coin and Dash

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The mobile crypto app Spend just added support for XRP. The addition gives users the ability to store the digital asset as well as spend it using the platform’s Visa debit card.

Users can instantly convert their XRP to fiat and load it onto the card, which is accepted at Visa’s 40+ million locations worldwide.

Spend supports a total of 180 countries and is now available in the US.

The company has been adding cryptocurrencies to its platform at a rapid rate. This month alone, it added support for XRP, Tron, EOS, Binance Coin, Dash, Litecoin and Bitcoin Cash.

The Spend app is currently available on iOS. It was also available on Android, but the company pulled it from the Google Play store on Friday to address performance issues and create a more seamless experience for users.

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