ETH and BNB are trading flat right now — but XRP has risen by 10.5% in 24 hours.
The world’s biggest cryptocurrency hit this all-important level for the first time since June on Monday, riding high on rumors that Amazon planned to accept BTC as a payment method. However, prices cooled when the retail giant issued a denial.
Other factors at play include a rather brutal short squeeze that has liquidated the positions of those who were making bearish bets on Bitcoin.
XRP Shines Bright
In a blog post, Ripple announced that SBI Remit, the largest money transfer provider in Japan, is teaming up with the Filipino mobile payments service Coins.ph — as well as the crypto exchange SBI VC Trade — to establish a new remittance corridor using Ripple’s On-Demand Liquidity service.
SBI Remit’s Nobuo Ando said:
“The launch of ODL in Japan is just the start, and we look forward to continuing to push into the next frontier of financial innovation, beyond real-time payments in just the Philippines, but to other parts of the region as well.”