Crypto

XRP Climbs 10% In Bullish Trade By Investing.com

Published

2 hours ago

July 17, 2024

XRP Climbs 10% In Bullish Trade By Investing.com

Investing.com – XRP was trading at $0.6360 by 18:47 (22:47 GMT) on the Investing.com Index on Wednesday, up 10.29% on the day. It was the largest one-day percentage gain since July 13.

The move upwards pushed XRP’s market cap up to $35.3353B, or 1.50% of the total cryptocurrency market cap. At its highest, XRP’s market cap was $83.4407B.

XRP had traded in a range of $0.5784 to $0.6360 in the previous twenty-four hours.

Over the past seven days, XRP has seen a rise in value, as it gained 44.2%. The volume of XRP traded in the twenty-four hours to time of writing was $3.5988B or 4.46% of the total volume of all cryptocurrencies. It has traded in a range of $0.4368 to $0.6362 in the past 7 days.

At its current price, XRP is still down 80.67% from its all-time high of $3.29 set on January 4, 2018.

Elsewhere in cryptocurrency trading

Bitcoin was last at $64,264.3 on the Investing.com Index, down 0.42% on the day.

Ethereum was trading at $3,394.75 on the Investing.com Index, a loss of 1.26%.

Bitcoin’s market cap was last at $1,267.3794B or 53.86% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $408.1105B or 17.34% of the total cryptocurrency market value.

Crypto

Russia weighs risk of embracing crypto for international payments

Published

9 hours ago

July 17, 2024

Press Room

Russia should accelerate the creation of infrastructure for payments in cryptocurrencies but carefully weigh the associated risks, its money laundering watchdog said on Wednesday, ahead of a parliamentary vote on digital assets legislation.

Crypto

Finmont Partners with the World’s Largest Provider of Cryptocurrency Payment Services, BitPay

Published

17 hours ago

July 17, 2024

Press Room

Finmont Partners with the World’s Largest Provider of Cryptocurrency Payment Services, BitPay

Global payment orchestration platform FinMont has announced a new partnership with BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services. The strategic partnership will see the addition of cryptocurrency to the FinMont payment ecosystem allowing merchants to utilise payments from all cryptocurrencies.

The founders of German airline, Hahn Air, launched FinMont to offer the travel industry a unique solution that, unlike other options available, streamlines not only B2C payments but also B2B payments. Combining both payments into a single view will help decision-makers identify and fix inefficiencies in their current payment processes. The firm’s mission is to help travel merchants use payments as a strategic tool to stand out from competitors.

BitPay pioneered blockchain payment processing to enable borderless payments using cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), ApeCoin (APE), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Polygon (MATIC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), XRP (XRP), 7 USD-pegged stable coins (BUSD, DAI, GUSD, PYUSD, USDC, USDP, and USDT) and 1 EURO-pegged stable coin (EUROC) and others. BitPay’s business solutions eliminate transaction fraud, reduce the cost of payment processing, and enable borderless payments in cryptocurrency.

The FinMont platform aims to revolutionise payments by connecting multiple banks and providers through one simple gateway. The partnership with BitPay will allow the global payment platform to incorporate the world’s largest provider of cryptocurrency payment services into its eco-system allowing travel merchants to benefit from the opportunity to offer crypto payments globally.

Suby Valluri, CEO of FinMont, commented, ‘We are delighted to announce this strategic partnership with BitPay and incorporate their leading cryptocurrency payment services into our global ecosystem. This strategic partnership will allow our international client base to offer and facilitate crypto payments globally.”

“Our partnership with FinMont will help realise the potential for crypto to transform the Travel industry, making payments faster, more secure, and less expensive on a global scale,” said Merrick Theobald, Vice President of Marketing at BitPay. “Our goal at BitPay is to make accepting crypto a seamless process and increase adoption as we believe crypto is the future of payments.”