XRP continues a solid performance throughout October. This comes off the back of weeks of sideways action from Bitcoin. And while it’s too soon to call a start to altseason, XRP is still up 13% since the beginning of October, hovering around the $0.29 mark. However, critcisms of the relationship between Ripple and XRP, as well as Ripple itself, will not go away.
Since it began, the divisive token has faced a barrage of fire from all angles. Recently, this has come from reports of Ripple dumping XRP, and there’s no forgetting the constant threat posed by pretenders, such as Facebook’s Libra.
But regardless of that, XRP keeps marching on. And since late September, coincidently, when Bitcoin began its slide, XRP continues to make steady gains. Indeed, comfortably outperforming the rest of the top 10 during this period.
Although it’s down 91% since its all-time high in January 2018, when it peaked at around $3.30, numerous rumblings in the background, show that Ripple, and partners, are continuing to cut deals.
One such deal is the recently announced partnership between Moneygram and Bank Alfalal. The agreement sees a new banking deposit service that allows customers to send money to any bank account in Pakistan.
In respect of the partnership agreement, a press release from the Pakistan Prime Minister’s Office stated:
“In line with Prime Minister Imran Khan’s policies to eliminate money laundering and facilitate overseas Pakistanis in remitting their hard earned remittances back to Pakistan, this new arrangement between MoneyGram and BankAlfalah would provide customised solutions that best served their needs.”