XRP price primed for a big move as Ripple expands to New Zealand
- Ripple's partner Airwallex announced the launch of its international payment service in New Zealand.
- Businesses in New Zealand can now settle transactions through Airwallex, a user of Ripple's enterprise blockchain network RippleNet.
- Analysts believe XRP price could recover from the slump and set a bullish target of $0.42 for the altcoin.
Airwallex, a leading financial services platform, expanded its payment services to New Zealand. The fintech firm joined RippleNet in 2017 and offers services to businesses as a substitute for conventional banks.
Airwallex takes RippleNet to New Zealand
A leading international financial platform headquartered in Melbourne, Australia, recently announced the expansion of its payment services: Airwallex now offers its global services to businesses in New Zealand. The firm joined RippleNet, Ripple's enterprise blockchain, in 2017, and since then, it has offered a fast, cost-effective and transparent alternative to traditional banks.
Hello New Zealand!
— Airwallex (@airwallex) June 28, 2022
Today, we announce our global payments services are now available in NZ. https://t.co/mFKENoZlNk pic.twitter.com/5wVjMFM7Z1
New Zealand based businesses now have access to Airwallex's service offerings, including multi-currency wallets in over 11 currencies, international collections, and local payouts in over 30 currencies. Airwallex plans to roll out its services progressively in the new market, including employee cards, spend management, and online payment acceptance capabilities.
Airwallex is a substitute for conventional banking, and Ripple's enterprise blockchain network powers the financial services firm's offerings.
Ripple developers pass the baton of XRPL codebase to XRP ledger foundation
In another development for the altcoin, Ripple developers, who have been caretakers of and contributors to the C++ reference implementation of the XRPL protocol codebase for a long time have now passed the baton to the XRP Ledger Foundation.
The foundation is an independent non-profit entity that works to support the development and usage of the XRP Ledger. The authoritative repo for the code now has a new home at the XRP Ledger Foundation.
Today marks a momentous occasion in the history of the XRP Ledger. The repo for rippled is now under the foundation. https://t.co/XlrdxWMgLL
— XRP Ledger Foundation (Official) (@XRPLF) June 29, 2022
Many thanks to everyone who made this possible!
XRP price prepares for big move
Analysts at FXStreet believe the best-case scenario for XRP price is a comeback to $0.37. Ripple is trading at $0.31 at the time of writing, and analysts have predicted a 20% rally in XRP price. A continuation of the XRP uptrend could push the Ripple price to $0.42.
FXStreet analysts have identified what Ripple needs to do to cover lost ground in the recent slump. For more information, watch this video:
Author
Ekta Mourya
FXStreet
Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.
