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Shortly after Coinbase announced its decision to explore five coins before deciding on which to adopt while failing to insert Ripple (XRP) into the list, to see what the cryptocurrency community may be feeling, CNBC’s Fast Money kick-started a pool on which of the coins they think is needed by Coinbase users. Ripple, Stellar (XLM), Cardano (ADA), and ZCash (ZEC), were listed in the poll.
Surprisingly, the pool with over 52,000 participants, had Ripple atop with 34% while ZCash had 30%. The rest, Cardano and Stellar had 25% and 11% respectively.
To Coinbase, the purpose of the announcement is to make the company transparent with their customers and to avoid internal trade which the exchange was earlier accused of.
However, with the outcome of this pool, Coinbase customers seem unsatisfied with the exchange’s decision to render Ripple insignificant.
Meanwhile, Ripple enthusiasts are seeing hope in SBIVC, a Ripple-centric cryptocurrency exchange which will begin full work any moment from now.
With this pool, however, there is a possibility that Coinbase retracts its decision, and put Ripple as a significant coin the exchange requires.
Ripple is Hopeful
In India, according to Ripple community, Ripple and its coin XRP have captured around 50% banks. Over the world, more than 50 central banks are also working with Ripple’s protocol. These, among other developments, are making Ripple irresistible in the cryptocurrency space and the world of cross-border remittance.
Ripple Bags Credence Around The World In Financial Industry.
Tested and trusted, Ripple’s tools have been found viable and suitable for cross-border remittance among various fintechs.
Banks are now relying on Ripple as the salvager of their all-time problems. The blockchain technology has been seen as a means of revitalizing the old and rudiment method of transferring cash across the globe.
After partnering with hundreds of reputable banks and other financial institutions, the founder of Ripple declared that the use case of the Cryptocurrency as well other Ripple tools are yet to be fully utilized.
Therefore, more institutions need to explore its tools in achieving quicker and cheaper fund transfer.
This made Brad Garlinghouse averred that in the next five years, Ripple would have extended its tentacle to acquiring partnership with more than half of the world top banks.
While XRP, Ripple’s token seems not been in play so much, Garlinghouse said xRapid would be the initiator of XRP, exposing it to the world through real real-time liquidity. He added that with XRapid, there is no need to prefund banks in executing fund transfer.
Image Credit: Smartereum