Million Users Will Soon Be Able to Pay Bills with Ripple's XRP

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Digital currency values are hurting today as the entire cryptocurrency market capitalization has dropped since our last markets update from $250B to $231B on August 8. One First Bitcoin coin can now be bought for approximately $0.0104 or 0.00000155 BTC on major cryptocurrency exchanges. More importantly, the price failed to test the 50% Fib retracement level of the last decline from the $7,167 high to $6,139 low.

Ether ETHUSD, -0.33% is down 1.7% to $403.44, Bitcoin Cash BCHUSD, -0.71% is trading down 3.1%, at $689.60, Litecoin LTCUSD, -0.91% is down 1.1% at $73.64 and Ripple's XRPXRPUSD, -0.55% is trading 3.5% lower at 42 cents, respectively. The top currency traded with BTC now is tether (USDT) which captures 54.2 percent of trades. At the time of writing, XRP/USD traded 0.46 percent down at $0.41079.

Binance Coin (BNB) traded up 0.5% against the dollar and now trades at $13.70 or 0.00193453 BTC.

DECENT (DCT) traded 0.6% lower against the dollar and now trades at $0.25 or 0.00003558 BTC.

Fluz Fluz (FLUZ) traded up 3.9% against the dollar and now trades at $0.0231 or 0.00000325 BTC.

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FidentiaX (FDX) traded 12.6% lower against the dollar and now trades at $0.0178 or 0.00000251 BTC. Today (August 8, 2018), the top-ranked cryptocurrency has continued to decline, dipping below $6,500 or the first time in nearly a month.

As it stands, Coins have around 5 million users, a figure that is expected to grow with the XRP announcement, sitting nicely in line with the projects plan to provide services to as many as 20 million customers by 2020. Bitcoin File's official Twitter account is @BitcoinFile and its Facebook page is accessible here.

First Bitcoin can be purchased on the following cryptocurrency exchanges: Livecoin. Investors seeking to trade Bitcoin File should first purchase Bitcoin or Ethereum using an exchange that deals in USA dollars such as GDAX, Changelly or Gemini.

Lee was referring to the U.S. Securities and Exchange Commission (SEC). We have to think about how is someone either in Asia - because that's where a lot of the new money comes from - or who's a traditional investor going to feel willing to buy Bitcoin.

In conclusion, Michael Arrington, founder of TechCrunch and Arrington XRP Capital hedge fund, thinks that XRP (XRP) outperforms Bitcoin (BTC) and Ethereum (ETH) regarding transactions speed and fees, a feat that, at the moment, can't be matched by BTC or ETH.

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