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Ripple prices today (Sept. 11, 2017) are up 6% as of 9:30 a.m., as cryptocurrency traders shake off China's new cryptocurrency policy. But the gains for cryptocurrencies are only just beginning…
Ripple is now close to recovering its losses since China announced it planned to ban initial coin offerings (ICOs) on Sept. 4.
Because ICOs mainly raise money through Bitcoin or Ethereum, the news out of China sent digital currency prices down across the board. Since China's announcement, Bitcoin prices have dropped 9.75%, Ethereum prices have dropped 16.18%, and Litecoin prices have dropped 15.03%.
Cryptocurrency traders are worried about the long-term regulations China may impose on all cryptocurrencies. But Ripple prices are already rebounding. After dropping 4.54% on Sept. 4, Ripple is now only one cent off from returning to $0.22, its opening price on the day of the Chinese announcement.
That's because Ripple has incredible growth potential and could bring owners nearly 1,000% in returns…
Ripple Prices Climb 6% Today, but 852% Gains Could Be on the Way
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Ripple works with banks and financial institutions to make international payment transfers easier. And because of this "corporate-friendly" approach, Ripple could have quicker main-stream adoption than other new cryptocurrencies.
"You see, blockchain is a difficult concept to understand. So are the differences between fiat money and blockchain-based currencies," Gaurav Iyer said in the Aug. 25 report. "They are not very easy to explain, making it an uphill battle convincing people that blockchain is the answer to economic crises."
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BBVA, one of the 50 largest banks in the world, is currently using Ripple to enable real-time payments between Europe and Mexico, according to The-Blockchain.com. Currency exchange service Cambridge Global Payments is also working with Ripple to improve its customer experience as well as decrease the cost of real-time global payments.
However, it's not just Ripple that could impact global finance.
In fact, one major event could trigger a 24,000% cryptocurrency profit opportunity by 2030.
And the event will exclusively benefit Bitcoin…
Money Morning Cryptocurrency Expert David Zeiler has all the details about how Bitcoin prices could reach $1 million in the next 13 years…