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The cryptocurrency world is finally starting to look beyond Bitcoin. This is definitely the case in Japan, where a consortium of domestic banks have announced a new mobile app that will allow customers to make payments using the cryptocurrency ripple. In this article, we’ll take a look at what this move could mean for the value of ripple and the acceptance of cryptocurrencies as a means of exchange. What does major bank backing mean for crypto currency value? Put simply, the backing of major financial institutions will increase demand for any cryptocurrency which should, in theory, increase the value of that currency since...

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