much of the hike is coming after several banks in Japan and south korea joined the ripple block chain and more have signed to joined . this made many people want the coin cause speculation was that it would rise and the coin was cheap. It does not seem like it will stop as its becoming wide spread among the asian counries and their banks. i dont like it cause its centralized but its a good investment if you want to make a quick buck
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Do you have links/sources of reference to banks in Japan/SK partnering with Ripple and under what cost (what do the banks get out of it?)
https://www.finextra.com/pressarticle/70000/ripple-expands-japan-bank-consortium-to-61-members/blockchain
https://www.bitsonline.com/japanese-korean-ripple-pilot/
https://www.ft.com/content/2f595696-ecb4-11e7-bd17-521324c81e23
Do Banks need to buy Ripples to join the blockchain? and at what price? Thanks!