XRP reputedly gained such a boost in its value because Bitcoin's continued growth has benefited the entire cryptocurrency market.
XRP also enjoyed a surge because of its new partnership with credit card company American Express, who are looking to offer instant block-chain based payments.
Celebrating the AMEX-Ripple partnership, the company's chief information officer, Marc Gordon said: "American Express has a long history of integrating new technologies.
This collaboration with Ripple and Santander represents the next step forward on our blockchain journey, evolving the way we move money around the world."
The MyBit Platform
Welcome to the Machine Era
MyBit’s automated revenue distribution system makes it cheap, easy and trustless for people to receive their share of revenue. As tech grows in dollar cost efficiency so will the rate of return opportunities for investors.
The Future of Investing
The platform will provide a crowdfunding and revenue distribution management system that can take any amount of funds and convert it into a share of revenue generating IOT economy on a trustless, automatic and cryptographically secure network
Users locking in their MyBit tokens, get paid a portion of the 2% network transaction fees from asset funding.