Ripple To Disrupt The Cross-Border Payments Industry
Ripple has been working really hard to boost the XRP ecosystem and also to promote the mass adoption of XRP.
In terms of pricing, after a 2019 during which XRP did not see any significant moves, this year, the digital asset was able to surpass $0.33 before the crypto crash that took place back in March.
Now, XRP is racing along with BTC and the other digital assets in the biggest bull run of 2020.
At the moment of writing this article, XRP is trading in the green, and the coin is priced at $0.233192.
Ripple can successfully disrupt the cross-border payment space
It’s been revealed that Mike McGlone Bloomberg’s senior commodity strategist believes that Ripple may successfully disrupt the cross-border payment space.
On the other hand, according to the latest reports coming from the online publication the Daily Hodl, it also seems that he believes that Ripple’s exposure to XRP and the volatility of the crypto market could eventually become a liability.
McGlone stated the following in his recent Crypto Outlook report:
“Ripple Labs’ 2019 partnership with MoneyGram suggests markets still see potential for disruption in cross-border payments, yet Ripple’s exposure to its own cryptocurrency threatens its enterprise software venture. The project’s investors, including Mastercard, Visa, Capital One, Citigroup and Bank of America, are likely just hedging.”
Ripple’s Swell conference will go virtual
Ripple recently revealed some very important changes that will be made to their annual conference Swell.
Amidst the global crisis triggered by the coronavirus pandemic, it seems that the conference will be held virtually.
The Swell conference which was supposed to take place in London would be switched to a virtual conference.
Ripple has been using the event to bring together participants engaged in payments, blockchain, and financial services and also reveals details on the future of the products that it has.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.