- Ripple XRP recent developments
- Notable partnerships that indicates Ripple XRP is on course for mainstream adoption
- Ripple’s recent exposures would impact XRP’s market price
Since the beginning of May 2019, there have been developments, and XRP community deserves to be kept abreast of each as they emerge.
Dan Morgan, Head of Regulatory Relations for Ripple in Europe, shared an interesting tweet on May 23, 2019. He wrote about being privileged to address the audience at World Bank’s FinSac group meeting.
The achievement he had at the meeting denotes the travail of Ripple for prudential treatment of cryptocurrencies, and the mass adoption of digital assets by financial institutions.
He said “Great to speak in Vienna today at the World Bank’s FinSac group meetings. Encouraging to hear more from The Basel Committee’s review into the prudential treatment of digital assets. Hugely important for the wider adoption of digital assets across financial institutions.”
Ripple has been using its connections with notable financial institutions to interpret the utilities embedded in cryptocurrencies. XRP, its digital coin is expected to benefit better from these moves.
Bitrue, an exchange that emerged in 2018 has been so helpful in the growth of XRP. The CEO of the exchange, Curis Wang, has never underestimated the power of the XRP community, which prompted him to make the digital asset one of the base currencies on Bitrue Exchange.
To complement it for XRP holders and potential investors that are ready to store their XRP; he has added deals, promotions, and an important program, where Bitrue makes interest payments available.
Bitrue exchange also funded an XRP meetup in Amsterdam, Netherlands on 25th May. Curis Wang and Wietse Wind, the CEO of XRPL Labs made presentation to the XRP community members present at the gathering.
An XRP passionate fan managed to capture the video of some parts of the Bitrue sponsored event, and subsequently shared it on YouTube.
Ripple XRP on Course for Global Adoption with these Recent and Notable Partnerships
Ripple has been firing on all cylinders to make the world realise its worth in terms of payment. Ripple is still on course in pushing for global adoption of its coin, XRP, with a host of notable partnerships.
Any enthusiast that is well familiar with the crypto sphere knows the importance of digital currencies collaborating with reputable organisations.
Partnership is a very prominent tool to leverage on the reach and capacity of such institutions. Ripple has not once digressed from its mission of gaining trust through its services, which constantly end with noteworthy partnerships.
Ripple, with its reputable payment network has been expanding its reach regarding the cross-border payments. Its recently clinched collaborations have kept it on tab in its quest to widely control major international remittances.
Ripple’s XRP investors wish to see its daily new heights reflecting on its market price. They keep anticipating for a price surge that will make their payday come earlier rather than later.
However, Brad Galinghouse, Ripple’s CEO has consistently assured that these latest developments will definitely be apparent on the price growth of XRP at no distant time.
The Front Exchange Based in Brazil Partners with Ripple
The Front Exchange also known as Frente Corretora de Câmbio, an exchange broker based in Brazil has recently announced its partnership with Ripple as it proposed to launch its platform (Simple) created for international remittance and tourism exchange.
According to Central Bank, The Front Exchange is the Brazil’s 15th largest currency broker exchange. Its collaboration with Ripple would significantly boost its ranking up to top 5 currency brokerage in the country.
Ripple Serves as Payment Solution to Major Banks in Thailand
Ripple has expanded its reach to popular banks in Thailand like Kasikorn and Siam Commercial Bank by rendering its payment solution services. This is quite aiding the mass adoption of XRP and all digital currencies. As these banks employ the services of Ripple due to its utilities, it keeps widening the trustworthiness of cryptocurrencies alike.
Ripple-backed MoneyNetint Partners with Another Ripple-supported Brazil’s BeeTech
The collaboration of MoneyNetint and RippleNet back in 2018 is indeed bringing expected results. MoneyNetint has been able to meet the target of providing global payment solution with Ripple’s low transaction cost, keeping nascent business ventures in constant growth.
According to report, MoneyNetint intends to make full use of blockchain technology to satisfy its customers in the quest to rejuvenate its means of providing solutions to cross-border payments.
Raphael Golan, MoneyNetint’s business development director averred that the company serves low cost cross-border transactions, which betters the traditional means of payment. This is also the importance of its partnership with Ripple.
MoneyNetint has recently partnered with BeeTech, a Ripple-backed Brazilian payment provider that recorded over 100 transactions in the first month it was launched. Their partnership has resulted in expanding the growth of Brazilian businesses in European countries. All these come from the functionality of Ripple’s payment solutions.
Golan asserted that there has been increase in request for instant payments, which would make the payment company reach out to XRP’s on-demand liquidity.
Read Golan’s Statement below:
“…We’re also seeing increased demand for instant payments and are looking forward to the day when using a digital asset such as XRP to source on-demand liquidity during transactions on RippleNet, will be as simple as using credit cards nowadays.”
How These Ripple’s Exposures Would Impact XRP’s Market Price
XRP is the choice of Ripple. Where one goes, the other follows. This signifies that the success gained by Ripple will mutually spread to XRP and vice versa.
All these notable institutions in partnership with Ripple have voluminous user-base that will be opened to XRP utilities. Its trustworthiness would encourage more suitors. Increase in its usage could also significantly pump its market price.
Ripple’s XRP is performing excellently in convincing world’s noteworthy institutions arguably better than any other digital currency, which would eventually result in mainstream adoption of XRP and cryptocurrency as a whole.