It is quite interesting to look how companies see different blockchain projects. A new PDF released by KPMG shows how MasterCard is looking to improve cross-border B2B payments. Apparently, they are doing so by using the Ripple payments blockchain solution. This is quite significant news, as it goes to show a lot of people feel Ripple has the right cards when it comes to future payments.
MasterCard Keeps Tabs on Ripple Payment Technology
Most people are well aware of how Ripple can be a valuable ally for traditional financial players. Especially when it comes to cross-border payments. Right now, existing solutions are both costly and take a long time to complete. Even in this day and age of digitization, there is no convenient way to transfer money quickly. MasterCard acknowledges this problem and they are actively looking for new solutions. Right now, the Ripple payments blockchain solution seems to be on their radar.
More specifically, the KPMG presentation in question mentions why MasterCars is doing this. The company is looking to improve remittances and cross-border B2B payments. More specifically, they feel blockchain-based payments and smart tags for predefined events are well worth looking into. This latter technology has become somewhat more prevalent in Europe and the US over the past few years. Major festivals use similar technology. However, MasterCard wants to improve the reimbursement experience and speed of funds received.
It is evident Ripple technology can be of great help in this regard. The project has proven to be quite powerful and frictionless. This is especially true when making cross-border payments. Not too long ago, Ripple demonstrated a payment solution which sent funds across seven different ledgers. Funds were converted between fiat, XRP, Ether, and back to fiat in quick succession. It is possible we will see a similar solution being developed by MasterCard in the future.
Granted, this news may not necessarily affect the XRP price anytime soon. However, it goes to show a lot is happening behind the scenes where Ripple is concerned. Partnerships in the financial world are invaluable. Developing such projects can take many years until they become available. Knowing MasterCard is interested is quite significant, to say the least. It will be interesting to see how this plays out moving forward.
Dash Price Technical Analysis – DASH/USD To Test $150?
Dash price (DigitalCash) after consolidating spiked higher against the US Dollar and Bitcoin, and now DASH/USD is eyeing for a move towards the $150 level in Crypto Gambling.
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Dash price started a nice upside move after forming a base near $100 against the US Dollar.
The DASH/USD pair is currently following an ascending channel with support at $124 on the hourly chart (data feed from Poloniex).
A break above the $140 level might call for further gains towards the $150 resistance.
Dash price (DigitalCash) after consolidating spiked higher against the US Dollar and Bitcoin, and now DASH/USD is eyeing for a move towards the $150 level.
Dash Price Uptrend Intact
In the last analysis, we saw start of an uptrend above $100 in Dash price against the US Dollar. The upside move was strong, as the price was able to settle above the $115 and $120 resistance levels. Later, there was a break above the 61.8% Fib retracement level of the last decline from the $151 high to $74 low. It has opened the doors for more gains towards $150.
The price is now comfortably placed above the $120 support and the 100 hourly simple moving average. Also, there is an important ascending channel with support at $124 on the hourly chart. At the moment, the pair is testing the channel resistance at $140. A break above the $140 level might call for further gains towards the $150 resistance.
Dash Price Technical Analysis
On the downside, an initial support is around the 23.6% Fib retracement level of the last wave from the $110.00 low to $140.70 high. However, the most important support is near the channel trend line at $124-22. It also coincides with the 50% Fib retracement level of the last wave from the $110.00 low to $140.70 high. So, the overall trend is bullish with chances of a break towards $150, and dips remains supported.