Thai fintech company DeeMoney became the first non-state company in the country to use RippleNet technology for fast international payments.
More than 300 financial institutions around the world are already members of the RippleNet payment network. The exchange of payments between these organizations occurs almost instantly. DeeMoney CEO, Aswin Phlaphongphanich, said:
“Ripple is now at the forefront of technology. It meets regulatory requirements as much as possible. It gives a new level of efficiency and accessibility in carrying out international transactions both in the country and abroad.”
According to Marcus Treacher, senior vice president of customer service at Ripple, there is a real revolution in Thailand’s banking sector.
“DeeMoney is redrawing the boundaries and rules of interaction, providing efficient international transfers at low competitive rates,” Treacher said.
Currently, DeeMoney is already accepting payments in Thailand using RippleNet, and when the second phase of cooperation is launched, the company will be able to send funds abroad using the blockchain system.
Let us recall that a week ago the National Bank of Egypt, the country’s largest bank in terms of assets under management, connected to the RippleNet payment network.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin rose to the resistance level of $5,700. In the future, we predict the continuation of the uptrend. Now, the price of bitcoin is $5,600. The nearest resistance levels are $5,780, $6,000, $6,250, $6,350, $6,600, $6,850, $7,100, $7,300, $7,660, $8,000, $8,020, $8,140. The nearest support levels are $5,450, $5,000, $4,840, $4,440, $3,900, $3,700.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum grew to the resistance level of $125. Now, it is $123. In the future, we predict the continuation of the uptrend. The nearest resistance levels are $127, $142, $153, $161, $170. The nearest support levels are $120, $115, $110, $99, $88.
Technical analysis of Ripple (XRP):
Over the past day, the price of ripple rose to the resistance level of $0.1530. Now, it is $0.15. In the future, we predict the continuation of the uptrend. The nearest resistance levels are $0.16, $0.17, $0.1770. The nearest support levels are $0.15, $0.1420, $0.1370, $0.1280, $0.1140, $0.1050.
