- XRP, a cryptocurrency made by Ripple, hit a fresh all-time high Thursday,
- The company's Asian subsidiary and a group of Japanese financial services companies announced a consortium earlier on Wednesday.
- It was trading at $1.26 a coin Thursday at 4:18 p.m. ET.
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Ripple hits all time high
XRP, a cryptocurrency made by Ripple that is focused on bank transfers, hit a fresh all-time high Thursday.
. The consortium aims to identify how blockchain and distributed ledger technology can be deployed in credit card payments.
The news of the consortium follows a bullish month for the coin, which has been propelled to new heights by interest from Asia, according to reporting by Forbes.
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