Categories: Ripple

Ripple (XRP) on the verge of a ‘mega’ breakout

Click here to view original web page at globalcoinreport.com

Ripple (XRP) is becoming one of the biggest digital assets in the crypto-sphere. The cryptocurrency itself has claimed center stage in the crypto industry due to the distinct strides that it has achieved so far. For instance, Ripple (XRP) gained partnership within the FinTech Industry and other prominent financial companies, and so far, there have been many great news and announcements about the cryptocurrency.

Even though the altcoin still faces the massive debate on whether it is a security or not, Ripple has not been bewildered; instead, it has launched further projects like the initiative of University blockchain and other exciting partnerships.

Ripple’s Partnership with the Kuwait Finance House (KFH)

According to Ripple’s CEO, Brad Garlinghouse, the sole aim of Ripple is to solve real-life problems. However, Ripple’s payment solutions have significantly influenced the Financial Industry today. With Ripple’s xVia, xCurrent, xRapid and XRP, SMEs and FinTechs now have better alternatives for speedy cross-border transactions.

Ripple’s recent partnership with Kuwait Finance House is not a big surprise due to the fact that Ripple’s blockchain technology offers fast daily transactions – KFH is the first bank in Kuwait to partner with Ripple.

Other prominent Ripple partnership

Another notable recent partnership is with InstaREM – the leading provider of digital cross-border payments in Asia, and BeeTech, a Sao Paulo based firm. Both companies announced their intentions to use the blockchain technology of Ripple to facilitate their payments.

According to Fernando Pavani, BeeTech CEO, Ripple gives its clients the,

ability to send payments and access new suppliers across more than 60 markets through xVia, or a simple API connection.”

On the other hand, InstaREM chief executive officer, Prajity Nanu stated that the partnership aims to permit,

European consumers to get what they want when they transfer money across borders: speed and the lowest possible rates.”

At the moment, Ripple is establishing other notable partnerships with its existing customers too. For instance, its existing partnership with American Express has fostered cross-border payments, thus, helping SMEs and other business to enjoy smooth and reliable daily transactions.

Together with ripple, the companies are working to address the problems their customers face with cross-border payments.”

This was according to a statement made by the Vice President of American Express, Colin O’ Flaherty, at the Money 20/20 FinTech conference.

Ripple’s Listing on Major Platforms

Major exchange platforms have listed ripple. However, Ripple’s listing on Apple’s stocks APP is a boost not only to the cryptocurrency but also to its community.

Besides Apple’s stocks App, Ripple also got listed on Revolut and Uphold. Revolut is one of the biggest digital banking accounts that permits users to perform P2P transactions. On the other hand, Uphold is a leading platform that offers more than 1000 trading pairs with different ways of buying digital assets.

Ripple’s (XRP) Hollywood Debut

The USD 4 million donations by Ashton Kutcher on Ellen DeGeneres’s Show has shown the world why Ripple’s payment solution is the future. It is also important to note that the donation was done in 15 seconds and it was a cross-border payment to Ellen’s Wildlife Fund in Rwanda. The transaction portrays how fast Ripple’s technology is.

UBRI (University’s Blockchain Initiative) by Ripple

Ripple’s 50 MILLION USD initiative of research and development with reputable institutions is another solution to global education that Ripple has embarked on. However, Ripple said in a PR (press release) of its goal to help and enhance academic innovation and research in blockchain technology, and cryptocurrency.

As it stands, Ripple has certainly gotten the attention of students in different universities. More so, these students are developing a great interest in the research as well as developmental features of blockchain tech.

Ripple’s current market analysis

Based on CoinMarketCap stats, Ripple was in green, and there was an increase in its price at $0.65 on June 9. Then, there was a dip in the price of the cryptocurrency to $0.55 on June 14. The crypto went on that price for quite some time before it further dipped to $0.47024.

Despite being in the red right now (if we talk about last seven days, the coin has increased in value by 2.30% in last 24 hours), Ripple (XRP) has continued to stay on course by establishing further developments and partnership with the Financial Industry.

Inordinate security debate of Ripple (XRP)

Despite Ripple’s consistent partnerships and solid plans, the ample debate on whether Ripple gets regulated as a currency or security by SEC still lingers.

The influence of defining the cryptocurrency is essential because if the crypto gets declared being not a security, it will not have to obey the same rules and regulations as other conventional stocks.

At the moment, Ripple is still faced with lawsuits based on the fact that XRP was categorized as the security. Nevertheless, even as the debate remains, Ripple has increased its pace by partnering with big financial companies, creating initiatives, and growing its blockchain technology. With these, the cryptocurrency is on the verge of a ‘mega’ breakout.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pxhere.com

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Ripple Gives One Billion XRP to Former CTO Startup, Plus Paying For Publicity

Ripple Labs, the company behind XRP, has given for free some 1 billion XRP, worth $270 million, to a company… Read More

34 mins ago

54% of Bitcoin Volume on “Lower Quality Exchanges”: Report

The vast majority of the world’s cryptocurrency trading volume is in the hands of “lower quality exchanges”, while the world’s… Read More

34 mins ago

Bitcoin is Used more by Civilians than Some Bankers, Lawmakers or Terrorists

In many countries, including Palestine and the entire world at large, Bitcoin is used more by civilians than some bankers… Read More

34 mins ago

Billionaire Investor Tim Draper Claims Bitcoin Prices Will Hike Upto $250,000 By 2022

Very rich person Investor Tim Draper Claims Bitcoin Prices Will Hike up to $250,000 by 2022Bitcoin (BTC) may proceed to… Read More

34 mins ago

Bitcoin (BTC) mining giant Bitmain firm announces purchasing more crypto mining chips that subject to a potential profit of $1.2 billion

Risk Disclaimer - By using this web site you agree to its terms and conditions. All materials, including but not… Read More

34 mins ago

Squeaky-Clean Apple Is Quietly Pummeling Its FAANG Stock Buddies

Apple stock is brushing off a decline in iPhone sales while continuing to make gains in 2019. | Source: REUTERS/Joshua… Read More

34 mins ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More