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Ripple’s New IT Team in Iceland to Focus on New XRP-Based Product

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    After Ripple purchased startup Algrim, the crypto giant plans to concentrate on developing On-Demand Liquidity with its new division 

Cover image via 123rf.com

A few days ago, Ripple purchased Algrim, a platform located in Iceland that specializes in digital trade and has highly skilled developers. The crypto behemoth hired its staff for its new ambitious project that would directly utilize XRP.

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A new XRP-based project

The new team will be engaged in building its new product dubbed On-Demand Liquidity (ODL).

The new product is going to utilize XRP for instant international payments.

As reported by U.Today recently, Ripple has updated its website and removed all links to its products – xCurrent, xRapid and xVia.

However, on the xRapid page there is now information about On-Demand Liquidity and a quote from Ripple’s partner MoneyGram about the usage of ODL. This made many believe that Ripple is conducting major rebranding, changing the name of xRapid to On-Demand-Liquidity.

Also, recently, Ripple bought the payment operator Logos, aiming to build the Internet of Value together with it.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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