Ripple {XRP} signs deal with Bank from Kuwait; price bounces back above $0.3

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For now, the price of XRP is at $0.313526. This top altcoin is ranked at #3 on coinmarketcap. The price dropped by 5.24% in the course of the past 24-hours. The circulating supply includes 42,832,704,971 XRP tokens.

The trading volume recorded is $2,555. The total market cap of Ripple is $13.429 billion. Boubyan Bank has signed an agreement with Ripple.Net. A spokesperson from this bank from Kuwait has stated that they strive to have the best services for their customers.

Now, cross-border payments for those in Kuwait, and those working away from their homeland will speed up. Fees will be nominal as well. Middle-East seems to be jumping on the bandwagon brought about by distributed ledger technology.

The Executive Vice President of the Bank has said because of their efforts users, “have access to high quality products and services that make their lives easier and more comfortable”.

Ripple has been facing resistance since last week. But now the price has finally begun trading in the green zone. If XRP cross the $0.40 level, bullish momentum is expected to continue. However, this is not guaranteed, as XRP has been a poor gainer for the majority of the year.

Ripple has had at least a dozen deals with banks across the globe in the last three months. This shows that this popular network aims at being successfully regulated. This is not entirely good news, as Bitcoin {BTC} and all the others wish to be free of constraints exercised by bankers and lawmakers.

The Central Bank of Kuwait is yet to approve this deal between Ripple and Boubyan Bank. The latter was established in the year 2004. Transactions will now be incredibly fast, and can be made possible via iPhone, Androids, and other kinds of devices.

Boubyan Bank is known to be a pioneer in the financial field, as their technology and services have largely been commended during this decade.