Ripple Prepares To Take Off In The Next Couple Of Years
Ripple has been recently in the spotlight in relation to MoneyGram.
As you know, MoneyGram is one of the most important partners of Ripple, and the company made some pretty exciting announcements lately.
Amidst this global crisis, the company said that the revenue was $11.3 million as a result of the partnership mentioned above.
The coronavirus pandemic is affecting the whole world, and Europe and the US are the most affected locations.
The US is racing towards 50k infected people, and social distancing has already been taken as a measure of fighting the novel coronavirus.
It’s been just revealed that the radio host Randi Zuckerberg who is also known as a sister of Facebook CEO Mark Zuckerberg recently posted quotes from important figures in the crypto space with whom she did interviews on Sirius XM.
Ripple to take off in the next two years
One such person has been Ripple’s senior VP of product management Asheesh Birla who predicted that Ripple is getting ready to take off in the next two years.
“I think will be really taking off in the next 2 years. The world order will be reshuffled using the blockchain technology. I think Asia will lead the pack,” he said as cited by UToday.
As a response to Birla’s comment, Brad Garlinghouse, the CEO of Ripple, tweeted that he knows what he was talking about.
— Brad Garlinghouse (@bgarlinghouse) March 20, 2020
The tweet received really positive feedback.
Someone commented the following: “Future Components of Internet of Value IoV 1) XRP (Digital Asset to transfer value): Bridge Asset of Choice 2) XRPL (XRP Ledger): Ledger of Choice Censorship Resistant, Scalable & Efficient Consensus Algo, Secure Cryptography, On-Ledger DEX, Finite Supply)
Other than this Ripple’s XRP is currently trading in the green, just like the other important coins un the crypto market.
The digital asset is priced at $0.161410 at the moment of writing this article.
Garlinghouse is both the CEO and Chairman of Ripple Labs. This year, Ripple surpassed 300 partners, including over 115 banks worldwide. Having launched On-Demand Liquidity (ODL) for cross-border payments, Ripple now has more than 20 partners using XRP for ODL, including Moneygram, Western Union, and American Express.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.