/biz/ - Business & Finance

exchanges were reporting 100k signups per day. The backlogs are huge.

>>5539781

"Ripple has managed to avoid some of the wilder downward swings afflicting other cryptocurrencies, like Bitcoin. In fact, XRP, as Ripple’s token is technically called, broke the $1 mark for the first time last Thursday, and quintupled its market cap to more than $5 billion between Wednesday and Friday of that week, according to data from CoinMarketCap, a cryptocurrency price tracker."

"Recent partnerships with banks like American Express (AXP, +0.16%), new hires from Facebook and elsewhere, hedge funds devoted to it, or quirks of the coin itself, as well as its supply, may contribute to the phenomenon."