Friday, December 22, 2017

Asia, including Korea, going mad for Ripple Coin?

An interesting article in Forbes describing a new crypto currency that is generating a great deal of interest in Asia, including Korea.  It notes that "Ripple (XRP), a top five cryptocurrency with a whopping $46.2 billion market cap, is up 57.2% on Thursday, beating every major crypto coin out there and surpassing $1 for the first time, based on Coin Market Cap data. The company said last week that a coalition of 61 banks in Japan, organized by SBI Ripple Asia in Tokyo, will launch a new digital payments systems pilot program with Woori Bank and Shinhan Bank of South Korea using the Ripple blockchain network. "People feel comfortable with its name and the technology behind Ripple," says Trevor Koverko, CEO of Polymath, a blockchain platform for startups looking to launch their own cryptocurrencies."

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