XRP Remittance Transactions From US and EU Surge 80 Percent This Fall

Libra Coin News
Mon, 10/07/2019 - 09:37
Yuri Molchan
A respected XRP community member from Japan shares data showing that the XRP usage for remittances to Mexico and Philippines spiked 80 percent this September
Cover image via U.Today

A Twitter user and a member of the XRP community, @sentosumosaba, has taken to her Twitter page to share some positive news about XRP.

She refers to an article in Japanese which says that in September this year, the amount of remittance operations with Ripple-managed XRP from the US and Europe to Mexico and the Philippines has surged 80 percent.

 

The data she mentions is registered by the xRapid system, using the crypto exchanges Bitso (Mexico), Coins.ph (the Philippines), Bittrex (the US) and Bitstamp (the EU).

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In particular, the amount of XRP transferred from Bitstamp to Bitso in September, totaled 70 percent of the overall xRapid transaction volume. 

Earlier on Monday, U.Today reported that XRP was the only asset surging in the market while Bitcoin and the other top-ten coins went down.

What is your view on the rise of the XRP usage for making remittances to Mexico and the Philippines? Feel free to leave your comments below.

 

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.