Ripple and XRP have been making headlines a lot lately due to various significant partnerships and increased adoption of the company’s products.
Now, Grayscale institutional crypto asset manager released the year-end report on Ripple and XRP, according to reports from the Daily Hodl.
Revolutionizing the global remittance
This report covers the origins of both the San Francisco startup and the digital asset, and it also highlights Ripple’s attempt to leverage XRP and reshape the global remittance landscape.
“Together, XRP and XRP Ledger were designed to address liquidity challenges faced by financial institutions using traditional payment channels (i.e., SWIFT, ACH, FedWire system),” according to the notes in the report.
The official data also highlights the fact that “By providing the means for fast, secure, and low-cost conversions between varying units of value (e.g., commodities, fiat currencies, and other digital assets), the network has the potential to capture significant value from a global payments market worth an estimated $2 trillion USD.”
It’s also worth noting that Grayscale offers exposure to XRP via that Grayscale XRP Trust, and it highlights the difference that is present between the XRP Ledger and blockchain such as Bitcoin and Ethereum.
We recommend that you check out the complete report on Ripple and XRP.
2020 is expected to be the best year for cryptos
After a really great 2019 in which the crypto space has been marking a lot of developments and achievements, 2020 is expected to be an even better year.
This year, one of the main focuses was on the mainstream adoption of digital assets, and things have been going great in this direction.
In other news, it’s been revealed that Ripple released a brand new outlook on the blockchain and crypto industry and predicted that 2020 would be the year of the digital assets.
CEO, Brad Garlinghouse, believes some of the largest banks in the world will soon begin to “hold and trade” digital assets over the next year.
Speaking of trading, XRP is trading in the green today, and the digital asset is priced at $0.194309.
