
Ripple is surging like crazy right now. In the last day or so it's surpassed Ethereum in market capitalization to now be the number two cryptocurrency in the world! Some are attributing this to a new deal between Ripple and Japanese credit card companies.
Via CNBC:
Ripple rose 20 percent Wednesday to an all-time high.
The gains followed news that Tokyo-based financial services company SBI Holdings and its subsidiary SBI Ripple Asia announced the establishment of a "consortium" with some Japanese credit card companies to utilize blockchain technology, according to an online translation of a release. Ripple and SBI Holdings created SBI Ripple Asia in January 2016. It wasn't clear what the extent of Ripple's involvement would be in the...