On Tuesday, Ripple announced that it had reached an important milestone: 100 financial institutions on its enterprise blockchain. (Source: “Ripple’s Blockchain Network Is Now More Than 100 Strong,” Ripple, October 10, 2017.)
Investors celebrated this Ripple news by sending prices up 2.66% against Bitcoin.
However, it should be noted that the Ripple to USD exchange rate only advanced 1.87% to $0.262645. This suggests that existing crypto investors are more excited.
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