Ripple (XRP) Is Ready For Wallstreet
This article goes out to Brad Garlinghouse and the Ripple Team. I think the time is ripe for a Ripple IPO. The partnerships and traction the company is making, warrants for it to go public on the other side of investments other than our faithful cryptocurrency world where Ripple (XRP) is the darling of many. And for it to reach its full potential in both worlds of investing, an IPO would really do it.
The reasons to put forth such an argument are outlined below.
Firstly, there is proof of concept of the XRP coin and the payment settlement software solutions offered by xRapid, xCurrent and xVia. Banks and money remittance services providers love Ripple’s payment solutions because of three things: speed, low transaction fees and security guaranteed on the blockchain and Ripple ledger. Ripple transactions take 3.3 seconds to complete and cost only $0.0004.
Many banks are using or testing Ripple’s payment solutions. One of those banks is the SBI Consortium of Asia who have even gone ahead and dubbed themselves SBI Ripple Asia. They plan on using Ripple’s ledger in securities products. The projects will involve 18 securities firms who will research and commercialize applications of emerging technologies and their applications in their industries. In simple words, these are Wallstreet guys testing Ripple technology. The second bank that is testing Ripple’s software solution is the Dutch Multinational bank, Rabobank which is a global leader in food and agriculture financing and sustainability-oriented banking. This means Ripple is touching on each and every sector of the global industries.
When it comes to money remitting services, Ripple has a very big footprint there through partnerships with Western Union and Moneygram. The time is ripe for an IPO. Ripple’s products work and they will be part of everyday life.
Secondly, a Ripple IPO will be well handled if it were to come to fruition based on the leadership behind the parent company. Beginning with the CEO, the leadership of the Ripple project is top notch. I have even dubbed them the Avengers of Technology. A title I hope that will stick and keep being repeated by more crypto writers, crypto traders and Wallstreet traders as soon as an IPO is in the offing.
The board of directors is also exemplary. Directors are meant to steer a company and its projects from behind the scenes. They make sure decisions are executed well and efficiently. When you look at the profile of each and every director behind the Ripple project, you will be amazed at what the group of 9 individuals has achieved and will achieve with Ripple.
A third reason why it is time for Ripple to go public is the non-technical aspect that is known as Momentum. In Physics, momentum is a product of an object’s mass and the velocity. Right now, Ripple’s mass is growing exponentially with every partnership gained. The velocity is also accelerating and this momentum seems to be increasing in an exponential equation that might lead to Ripple’s achievements reaching infinity.
Ripple has partnered with companies in fleet management, oil and gas, petroleum marketing and specialty payments. In fleet management, Ripple has partnered with Uber, Fuelman, Mastercard, COMDATA and Fleet Cards, USA. In the oil and gas industry, the partnerships include ARCO, British Petroleum, Chevron, Shell, Speedway, Quarles Petroleum Incorporated and Husky Energy. In petroleum marketing, the partnerships are with Mannatec, CFN (Commercial Fueling Network) and Pacific pride. Cambridge Global payments and CLC Lodging have also partnered with Ripple in specialty payments.
It is therefore with the above achievements and momentum evident with Ripple, that the time is ripe for a Ripple IPO. This IPO might be one of the biggest to hit the floor of Wallstreet and will in turn cause aftershocks in the Crypto-Verse in a scenario where we will see Ripple (XRP) becoming the new King of the Hill.
[Photo credit: nationalreview.com]
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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.
John P. Njui Author
Crypto Enthusiast. Terrible dancer. Former DJ. Amateur Marathoner. Electrical Engineer. Kool kat.