The rave of the moment in the crypto sphere is certainly Ripple (XRP); the third most valued cryptographic currency on market standings. The currency had taken a dive into the hitherto neglected fiat world and this was buoyed by latest trend in the crypto circle.
The start of 2018 had seen many cryptographic currencies making efforts to avoid the sledge hammer that was set to hit many currencies of which Ripple (XRP) and Litecoin (LTC) were to be affected.
At the moment, the coin is striving to leave its third spot and cling unto the second and might even be aiming at the first if majority of its partnerships click.
Ripple (XRP) had been relentless in creating seamless cross-border payments in real-world situations and its positioning at the moment is one that would propel the currency to better heights.
There are speculations that the market value of the coin might rise before the end of 2018 with many pundits positing it as the next Bitcoin. Though this might pass for overt hype of the currency, there’s tendency that this would materialize in few months.
Although Ripple (XRP) is still farther away from Bitcoin, its continued surge might place it in the same position Bitcoin had held for years. However, this cannot come to pass if some critical roles are not noticed on its part.
To this end, there are three events that the crypto community is looking up to with respect to Ripple’s (XRP) surge. The success of these expectations would no doubt put to rest debates on Ripple’s (XRP) stronghold in the crypto sphere.
Outcome of Swell Event to take Ripple (XRP) to the Next Level
The Swell Event, a financial meeting comprising financial experts and key government functionaries ended few days back. The outcome of this event might be another hallmark and possibly trigger the fortunes of the currency. Laymen might be at a loss on the effect this event will have on Ripple (XRP).
If you’ve shared podium with a preacher or had handshake with one of the most powerful men in the world, such perceptions wouldn’t have come up in the first place. The Swell Event hosted under the auspices of Ripple (XRP) ended few days back, it still has the tendency to send the coin on another bull run with the intimidating presence of Bill Clinton, Former President of the United States and more adoption that the event opened the cryptocurrency to.
Aside this, Bill Clinton, the keynote speaker at the event had scaled economic downsides during his tenure and there are rumors that he has intentions to partner Ripple (XRP). Though this is not ascertainable, his partnership will certainly boost Ripple’s (XRP) and might culminate in the coin’s integration in U.S payments services.
The Swell Event also had in attendance, other dignitaries such as IMF’s Deputy General Counsel. His presence might buoy the International Monetary Funds’ (IMF) future partnership and integration of Ripple (XRP) as payment.
A Coinbase Listing would Trigger Ripple’s (XRP) Fortunes
Ripple (XRP) had started the year with left-over of rumored partnership with Coinbase. Investors and users were however disappointed when the exchange chose to list the coin as a service in the stead of awaited listing as a tradable currency.
Ripple (XRP) had in swift movement changed its focus from anticipating a Coinbase-integration to working on another product that would make Coinbase’ services irrelevant.
Though Ripple (XRP) had launched xRapid as means of cross-border payments, it still has its eye on getting in big exchanges and it’s hoping on Coinbase to make that happen.
xRapid had garnered recognition in recent months with top financial platforms such as MoneyGram checking out its functionality and might soon integrate the coin.
Ripple (XRP) is particularly looking forward to getting listed on Coinbase because of the exchange’s towering figure in cryptographic trades in addition to investment opportunity Ripple (XRP) would have such as access to thousands of users joining the exchange on daily basis.
Ripple (XRP) might Beat SWIFT in Coming Months
The stage is set for the greatest battle of all time on the crypto space. Ripple (XRP) is daring to beat Society for Worldwide Interbank Financial Telecommunication (SWIFT) to the game of cross-border payments.
The latter has been doing everything to become the king of cross-border remitting and this took SWIFT by surprise. The relationship between Ripple and banks is an indications point to overthrow by SWIFT in the light of the latter’s delegation of efficient tools for cross-border transactions.
Though SWIFT had posited that its client-base are not yet keen to test the waters of decentralized cross-border payments, Ripple’s success in some other platforms suffice to justify its usefulness.
As the crypto community looks forward to Blockchain 4.0 and is pleased by the massive growth Ripple had recorded in recent months, the aforementioned events will no doubt place
Ripple (XRP) on the map of global payments. Its take-over from SWIFT is one news investors are keen to listen to and when this becomes the case, there is no stopping Ripple (XRP) from toppling Bitcoin (BTC).