Japanese and South Korean banks want to try out Ripple blockchain

Ripple is slowly building it reputation, as more and more banks continue to become interested with its blockchain technology. Apparently, the variant they come up with was so good that now the banks in Japan and South Korea want to try it out.

Naturally, this news affected the price of the cryptocurrency, and it increased over 70% on local digital exchanges. Current Ripple’s price on Coinmarketcap is 0.48 USD, which is, of course, nothing compared to Bitcoin and Ethereum (which recently hit its all time-high of $500), but the reputation that Ripple is constantly improving might make the price bigger in the long term. Unlike Monero, Ripple was not seen in the major news regarding hackers, but when it comes to bankers, one can meet Ripple mentionings in many messages.

“South Korea is one of the most active markets worldwide when it comes to blockchain innovation and trading of digital assets. With trade flows into and out of the country totaling $960 billion every year, we also see a high end growing demand for Ripple’s frictionless payments solution in the country,” recently explained Takashi Okita, SBI Ripple Asia CEO.

However, the way the currency has to go to become a full rival to Bitcoin or Ethereum is long, and it’s not like there are no other altcoin teams who want the same. The race of currencies is going to continue, and the outcome is unclear.