Ripple XRP is getting on the track in global economic system with the solution it proffers to challenges that comes in terms of payment. This is beginning to pay off as European Central Bank recognised XRP as one of the most important crypto assets due to its utilities.
Ripple XRP is advancing with the world’s system of payment, giving it the possibility of saving the banks from fading away in a world that could be absolutely governed by cryptocurrency.
Ripple as a digital payment company has been working tirelessly to take its coin, XRP to the next level it belongs in terms of market price and mass adoption.
At the time of filing this report, Ripple XRP is the 3rd largest digital currency by market cap, trading relatively at $0.4. The enthusiasts and investors of this digital currency indeed anticipates for a better and appealing market price, which will possibly happen steadily once Ripple is able to deliver as promised.
Brad Garlinghouse Lauds European Central Bank for Ripple’s XRP Notable Recognition
Brad Garlinghouse, Ripple’s CEO, has been so enthusiastic in his mission to make XRP advance by orchestrating means to improve its utility and business diversity daily.
European Central Bank recently released its occasional paper, which itemised the implication for financial stability, market infrastructures, payments and monetary policy of crypto assets.
The link to the occasional paper was shared on twitter, and the content in the excerpt looked quite appealing to Brad Garlinghouse, which preceded his excitement that resulted in captioning the tweet, pointing to the noteworthy recognition of Ripple’s XRP by European Central Bank.
Great to see @ecb come out with a clear POV on crypto assets – notably, that XRP is recognized as one of the most important in terms of usage, market cap and business model diversity. https://t.co/KeSiYFqy53
— Brad Garlinghouse (@bgarlinghouse) May 21, 2019
The excerpt that captured Garlinghouse’s attention in the article stressed about the consolidation of Bitcoin in the mist of other cryptocurrencies in terms of market capitalisation, user-base and global recognition.
European Central Bank continued by referencing Ethereum (ETH), Ripple’s XRP and Bitcoin Cash (BCH) as the most important digital assets in terms of usage, market capitalization or business model diversity after Bitcoin (BTC).
The top four cryptocurrencies were simply recognised by European Central Bank. This recognition is quite a big boost to the mass adoption of cryptocurrency.
Every digital asset is working hard for global recognition, especially from highly ranked institutions like World Bank, International Monetary Fund (IMF), European Union, European Central Bank and others.
Ripple XRP has got the nod from a number of the aforementioned institutions, and has not restrained from its quest to enhance the price of XRP in the market with necessary mechanisms it devices daily.