Singapore is undoubtedly one of the most popular and thriving melting pots today in the world for fintech and finance. The cryptocurrency boom does not make an exception. Today, the price level of Ripple jumped with 11%, as reported by MoneyMorning, when a new Ripple office was opened in Singapore.
In addition, news that Japan is launching a domestic cryptocurrency, the J-Coin has sparked the interest from investors around the world looking for diversified markets to develop the digital currency “craze”. The steps taken for “cashless societies” are slowly forcing both governments and central banks to acknowledge the importance and scale of cryptocurrencies.
This fresh piece of news has boosted the price levels of several digital currencies, including Ripple, Ethereum, Bitcoin and Bitcoin Cash.
The following chart shows the slow, but steady rise of Ripple:
