Categories: Ripple

Ripple’s XRP Coin Story, Most Recent News/Development and Future Price Predictions

Click here to view original web page at ethereumworldnews.com

Ripple’s Token Branding Decision (Story) – XRP

The San Francisco blockchain tech giant – Ripple Labs has started, this year, a process of differentiation from its blockchain token XRP. This comes due the confusion by the crypto-verse between the two as in many headlines, google searches, article and so on, enthusiasts speak of the two in the same manner as if they were the same.

In the past, the price of XRP spiked many times when an announcement was made by Ripple Labs’ team, even if that had nothing to do with the coin but one of the firms financial solution. Similar, when xCurrent network was adopted by the UAE exchange, it pushed the tokens price upwards.

Mati Greenspan – eToro analyst added:

“A lot of newcomers are of the understanding that holding on to XRP tokens is somewhat similar to holding shares in Ripple Labs, which is completely false.”

“Many of the deals that they do and the payment channels that they set up, at the end of the day, are not going to use XRP tokens,” he explained.

Later on down the road, the firm turned to the process of logo-creation for the XRP token so it is easier to be told apart by the community.

XRP Latest

Bitcoin Superstore – The very fine qualities of XRP continue to pull users and firms towards itself with the latest addition of Bitcoin Superstore. Earlier this year, Brad Garlinghouse, the CEO of Ripple said the only way of XRP decoupling from Bitcoin influence is through mass adoption.

The above-explained confusion between Ripple and XRP can even be seen in this twitter announcement!

We are excited to announce our acceptance of #Ripple!

Customers can now buy from nearly any online retailer with Ripple! What does the #XRPCommunity think of our addition? #xrpthestandard #xrpyarmy #XRP $XRP @Ripple pic.twitter.com/YwtsOYDilZ

— Bitcoin Superstore (@BitcoinSuperst1) August 5, 2018

Wirex – After partnering with Wirex, the company was able to add XRP token support to its Visa card. Subsequently, the number of sign-ups and transactions on the platform had a considerable boost.

Wooohooo, things are getting REAL! #Unboxing my first crypto backed Debitcard. Paying with #XRP becomes reality! I will figure out the exchange rates and give it a try! Thanks @wirexapp!#exitingtimes #XRPtheStandard #XRPCommunity #XRPArmy @Hodor7777 @XRPTrump @RobertLe88 pic.twitter.com/LkYYBArUO1

— CSchneider (@CSchneider_1978) August 4, 2018

Weiss Rating – Weiss Ratings, an independent rating firm for stocks, cryptocurrencies, ETFs and financial institutions, stated last week that it believes Ripple’s XRP is the fastest cryptocurrency for transferring funds between exchanges, and the ideal base currency for Binance, the world’s most popular exchange.

We think that the #XRP is the fastest digital asset to transfer funds between exchanges. It only makes sense for #Binance to use it as the base #currency – why should one have to go through an intermediary currency to trade? #crypto #btc #altcoins

— Weiss Ratings (@WeissRatings) August 10, 2018

Back in July, Weiss Crypto Rating held a Twitter poll in which Ripple’s XRP reached 1st place for transfers between exchanges. 78% of the votes were for XRP counting 7,500.

Coins.ph – A very famous cryptocurrency payment network in Philippines is another addition in the row of many that find XRP irresistible. With more than five million customers in the Philippines alone, Coins.ph is adding XRP meaning their customers can settle their bills using XRP in place of the traditional fiat currency.

.Bittrex – In a recent post, one of the leading exchanges Bittrex announced that it will make more US Dollar pairs available. The team continued with noting that XRP and Ethereum Classic will get support by the platform by August 20th.

Future Price Prediction

SBI Holding Chairman – Yoshitaka Kitao believes that Ripple’s XRP adoption in the global financial system is inevitable. As many coins are planning in the far future be the universal currency, Kitao belives that XRP has the best adoption. His comments were based on the current uptake of Ripple’s solutions by banks, firms, businesses and payment processing companies.

Ripple’s development has been fast ever since the coin first showed up in early 2017. Back then, it was valued at $0.0064 per coin, and in less than a year, it reached $0.8. Before the price drop at the beginning of 2018, many experts believed that XRP will reach, and maybe even surpass $9 per coin by the end of this year.

If you look at the current state of the crypto-market, you might assume that that record like level will never come true. However, only by that it does not mean Ripple’s XRP will never reach those heights. If everything goes according to plan, similar to what Yoshitaka Kitao believes into, the coin can even surpass in the long term the above mentioned marks easily.

Trade safely and do not overtrade!

The San Francisco blockchain tech giant – Ripple Labs has started, this year, a process of differentiation from its blockchain token XRP […]

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

Bitcoin Price Fumbles Under $10,000 as Traders Fear $8K Target

Bitcoin price is trading below $10,000 and a further pullback could drive price even lower. | Source: Shutterstock By CCN… Read More

3 hours ago

Mark Carney’s Dollar-Killer Digital Currency Threatens Bitcoin

Mark Carney, governor of the Bank of England (BOE), has a plan to challenge the dollar's dominance. | Source: Photo… Read More

3 hours ago

Crypto Funds Are Outperforming – You Shouldn’t Be Surprised

Josh Gnaizda is the founder of Crypto Fund Research . It’s one of the worst-kept secrets in the alternative investment… Read More

3 hours ago

FTC Settles With Promoters of Multi-Level Marketing Crypto Scheme

The U.S. Federal Trade Commission (FTC), has settled charges it filed last year against four promoters of crypto-denominated multi-level marketing… Read More

3 hours ago

Ethereum moves closer to Istanbul hard fork as Geth and Pantheon merge all improvement protocols

While Ethereum is on its way to shifting from Proof-of-Work to Proof-of-Stake, the developer community is currently engaged with the… Read More

3 hours ago

Binance Research: Too early to rule out Ethereum blockchain competitors

Binance Research, the market research and analysis arm of Binance, has published a report on tokenization and the key factors… Read More

3 hours 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