The XRP price exhibited a drastic jump until retesting the $ 1 level after reaching lows around $ 0.50 in June and July.
The surge factor was supported after Ripple announced that one of the largest remittance companies in South Korea, GME Remittance has joined RippleNet.
As you know, RippleNet can simplify the payment system and enable transactions in an instant and cheap rate by utilizing On-Demand Liquidity (ODL) services.
Through the use of the service, GME has connected with the largest bank in terms of market capitalization in Thailand known as Siam Commercial Bank (SCB).
The director and COO of the firm say that they chose Ripple is because RippleNet allows them to connect and launch services to new countries in just 1-2 weeks.
Indirectly, it has reduced the use of time in marketing services and given the firm an advantage over other competitors.
Meanwhile, the average daily trading volume for XRP was seen to continue to soar in the second quarter of this year even though Ripple is still tied to a legal dispute with the SEC.
