Small Ripple makes a big splash
As a business in the 21st century we always make efforts to stay current with the latest trends. For us a big part of this is keeping an eye on the emerging cryptocurrencies. One of them is Ripple.
Ripple enables banks to leverage the blockchain technology to perform fast and low-cost international transfers. I believe Ripple was a little ahead of it's time but it looks like the banks are finally recognizing it's potential and are starting to partner with them.
Banks like Bank of America Merrill Lynch, Santander, Standard Chartered, Westpac Banking Corporation, Royal Bank of Canada and CIBC have joined Ripple’s Global Payments Steering Group (GPSG) just to name a few.
This has definitelly impacted the price, on March 31st it rose by 100% in just 24 hours.
Also Bitstamp introduced the XRP/BTC trading pair in mid-February this year providing big incentives and discounts on trading with this pair. So that's why we have added the XRP cryptocurrency in our API offerings.
More Ethereum exchanges
Ethereum has also caught our attention as of late, with it's price more than doubling from $20 to $50 in just a few days.
We have been offering Ethereum price pairs ETH/USD and ETH/EUR since 2016 and now we have extended that support even more. We made two Ethereum exchange additions, BTC-e and Space BTC.