The price of Ripple‘s XRP cryptocurrency is up above $2 today, an appreciation of about 28 percent on Thursday’s low of $1.62.
XRP’s latest surge came after money transfer giant MoneyGram announced plans to use Ripple’s service for faster international payments.
Rivals bitcoin and Ethereum are also enjoying a boom period, with bitcoin up more than three percent today and Ether soaring by more then 10 percent.
The CoinMarketCap currency tracker below shows the latest XRP price in real time.
Here is the latest news and price updates on Ripple mania.
10.46am: Investors told to ditch bitcoin for Stellar
A financial trader has urged cryptocurrency speculators to ditch bitcoin and invest in Stellar – a new digital currency introduced by a Ripple creator that he says is “faster and cheaper” than BTC.
Speaking to CNBC, money manager Mr Kelly said: “Stellar is one that is very similar to Ripple. It is created by one of the creators of Ripple.
“Effectively, the company split and they went out and created Stellar. They are already working with IBM, they are beginning to deal with them to do cross-border payments.
“So IBM has a payment system similar to kind of what Moneygram wants to do.
“It’s faster and cheaper than Bitcoin and what I mean by that is you can move stuff around faster and it’ll cost you less than Bitcoin at this point in time.”
Read more: FORGET BITCOIN AND RIPPLE, TRADER SAYS
Ripple price news: XRP has been holding firm above $2 today
10.02am: Ripple opens above $2
Ripple opened at $2.04 today, marking the first time it has opened above $2 since January 10.
The cryptocurrency has since risen to $2.08, with investors now hoping that this upturn will continue.
Ripple’s market cap is now pushing towards $80.5billion (£58.6billion).
10am: Joe Tambini takes over live reporting from Sebastian Kettley.
8.50pm: Ripple owners panic as popular crypto exchange goes dark
Kraken, one of the…