Ripple Partners With RocketFuel as XRP Price Rise

As announced in the Ripple Swell event, Ripple has entered into a partnership with RocketFuel to integrate its payment network across its product suite.

Blockchain payments company Ripple is expanding its horizons. At the ongoing Ripple Swell conference, Ripple announced that it has partnered with fellow San Francisco-based payments company RocketFuel. 

The new partnership will see RocketFuel integrate the Ripple Payments network across three major payment products, catering to eCommerce merchants and B2B payments.

Specifically, RocketFuel will add Ripple Payments to its “Pay-in-Commerce” and “Mass Pay-out” offerings. Pay-in-commerce enables merchants to receive payments in crypto and fiat via bank transfers, while Mass Pay-out” pays large numbers of customers.

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Meanwhile, RocketFuel’s “Cross-border B2B” product serves a different use case, which Ripple Payments will now enhance. Leveraging the new partnership, RocketFuel will enable its B2B clients to move large sums across borders at incredibly low fees instantly.

RocketFuel CEO Peter Jensen lauded the Ripple partnership as a way to further “revolutionize” the company’s product. He also noted that, unlike traditional payment rails, which are “old and outdated,” blockchain-based products like Ripple’s substantially improve the landscape.

It is noteworthy that Ripple’s partnership with RocketFuel follows a rebranding of Ripple’s core payment product from RippleNet to the Ripple Payments network. The freshly improved service also announced at the Swell conference, introduces a number of unique benefits.

According to Ripple, clients using the network can enjoy almost 100% coverage for payments across the globe through a single onboarding process. Additionally, they can access round-the-clock and global liquidity through integrations such as the XRP Ledger (XRPL) decentralized exchange (DEX).

XRP Gains 15% in Seven Days

The price of XRP has rocketed by 15% in the past seven days, buoyed by exciting news from the Ripple Swell conference. Perhaps the biggest highlight is that Ripple-owned Metaco announced a landmark partnership with British multinational banking giant HSBC to launch a crypto custodial service for its clients.

Analysts expect positive developments around Ripple and a broader crypto market recovery to propel XRP prices to new heights. As The Crypto Basic recently reported, a Forbes analysis expects a 300% surge in the price of major crypto assets, including XRP, if the U.S. finally approves a spot Bitcoin ETF.

XRP trades at $0.696 at the time of writing, representing a mild three percent gain in the past 24 hours. The XRP market cap continues to trail right on the heels of Binance Coin (BNB), having briefly overtaken the latter in the past week to become the fourth-largest crypto asset.