The crypto community looks forward to the moment XRP will take the place of Bitcoin (BTC) even though it has returned to the third position. While this might pass for a tall dream, Ripple, Blockchain Tech that oversees the distribution of XRP, has been making a host partnerships across the world.
In the cross-border remittance sector, the coin has the tides working in its favor. The highs of 2017 lost relevance in the lows of 2018. The year 2019 is likely the year of reckoning and many cryptocurrencies are ready to take on the bears.
In the previous year, Ripple garnered mergers with top financial institutions in Asia and America, in addition, the partnership extends to the Middle East.
At the start of this Year, investors are keen on the coin’s next port of call.
Nigeria is in the Pipeline
It is a popular fact that cross-border payments from the Western World to the African continent takes a lot of time. Also, traditional payment protocols such as Western Union and MoneyGram have underlying costs. These, amongst other factors make people in the province yen for better means.
Ripple’s seamless and cost-effective approach is a best pick for the region. To this end, Ripple’s took a drive at Africa. Nigeria is among the first African countries to be on the list. The reason is not far from the fact that the country flourishes as the largest economy in Africa. The year 2019 can be a defining year, as more users will begin adoption of the coin in the region.
XRP takes a Swipe at London
The hitherto resistance from governments and banks are not as stiff as they were. A coin such as XRP has been moving to clear the air in order to minimize the doubts on investors’ minds. The United Kingdom is probably one of the coin’s choice destinations.
Euro Exim Bank, one of the banks in London has made known it’s intention to use Ripple’s xRapid software in solving visibility and liquidity issues in its banking framework. When this comes into force, it will be another plus to Ripple and a minus to SWIFT’s dominance.
Ripple (XRP) is Coming to Tokyo
The 2020 Summer Olympics will be a defining year for XRP. Already, petitions have been sent to the International Olympic Community (IOC) to make the digital currency the official cryptocurrency of the Olympics.
Part of the reasons for this is to reduce the Foreign Exchange (FOREX) tensions. In previous games such as the Rio de Janeiro of 2016 and Beijing of 2008, tourists had hectic time in currency conversion. Ripple’s (XRP) real-time payment will be of positive benefits to the participants. If the request gets a nod, the coin will be fully making its way into Tokyo.
Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.