The price of Ripple is approaching a new record level. Reasons

The price of Ripple is approaching a new record level. Reasons

On Wednesday, the price of Ripple has increased by more than 15 percent in response to the news that SBI Ripple Asia has partnered with several major Japanese credit card issuers.

The price of Ripple grows by 15 percent

Crypto markets on Wednesday rose, but no one coin of the higher echelons did not grow faster than Ripple. The price of Ripple has increased by more than 15 percent, rising to 1.18 USD on Bitfinex before he dropped to the current value of 1.13 dollars. Backed by the situation on Asian markets, the average price of Ripple has increased to 1.29 US dollar. A few cents is not enough for her to set a new record.

Even more striking is the fact that even after the universal correction last week the price of Ripple has grown by 68% over the week, while no other cryptocurrency of the top 10 are unable to grow more than 2% over the same period.

SBI Ripple becomes a partner of the Japanese credit card processors

Growth, it seems, is based on the announcement that SBI Ripple Asia has partnered with Credit Saison, JCB, Sumitomo Mitsui Card and other Japanese firms for credit card processing to optimize operations and reduce fraud in the credit card industry.

Details of the partnership are unknown and it is unclear whether the XRP to play a major role in this partnership. Earlier this month, the price of Ripple has increased dramatically by more than 70 percent after Japanese and South Korean banks announced using Ripple to create a test payment system based on blockchain technology.

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