The blockchain payment firm Ripple has recently been in the news over legal actions that it is facing for quite some time. Now whales have moved over 114 million in XRP in lump sump via a major European digital asset exchange. Meanwhile, crypto analysts are predicting that XRP is likely to print a rise to $0.28. Ripple Labs has also become a member of the global ISO 20022 standards body, driving international standards for interoperability between financial institutions.
Over 114 million XRP moved by whales over the past 16 hours.
XRPL Monitor on twitter reported that in the period of sixteen hours, 114.6 mln XRP has been moved by cryptocurrency whales. This amounts to $25,256,704. The transaction included big transfers of 24.9 million and 23 million. The mammoth transactions were made by crypto exchanges, including Luxembourg-based Bitstamp, South Korea-based Bithumb, and the California-based BitGo. Currently, the price of XRP is $0.221, up 3% in the last 24 hours. Traders are expecting the price of the third-largest crypto in terms of market cap to reach at $0.28 in the short term.
Ripple Labs joins the ISO 20022 standards body.
The blockchain payment firm, Ripple, claims to become the first DLT-focused member of the global ISO 20022 standards body, which is responsible for international standards for interoperability between financial institutions. The blockchain payment platform claims to be the first distributed ledger technology-focused member of the international group, which includes a number of international commercial and central banks along with payment processing giants like SWIFT and Visa.
The international body takes common data points from the models of different institutions and groups them into a standardized format, which then can be shared between systems. The standard has been adopted in 70 different countries, and it is estimated that in the next three years, 87% of global financial transactions will be supported by ISO 20022.
