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The XRP price has soared 20% after Santander announced support for the Ripple Blockchain

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The price of Ripple has increased by 20 percent on Friday after the announcement that Santander has used the technology of Ripple for your new payment applications based on the Blockchain.

Today, all cryptocurrency markets have made a joint bullish breakthrough and gained a profit of more than 10 percent.

Among the coins of the highest echelon, no digital currency has achieved better results than the XRP token, which rose by 20 percent to the level of 0.64 us dollars, and yesterday its price was 0.51 us dollars. Currently, the market cap of XRP is 25.1 billion US dollars, which is the largest proportion since mid-March.

Santander

Santander runs the Ripple – based application-but does not use the XRP token itself. It is difficult to determine the exact cause of the leading positions of this digital currency, but it is possible that this is due to the announcement of a giant banking from Spain called Banco Santander one Pay FX that they will use the technology of this cryptocurrency for corporate purposes.

The application that is already available is based on The ripple’x xcurrent product implementation, which uses Blockchain technology but does not use the XRP token. Therefore, this event can not affect the growth of the cryptocurrency price.

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