XRP’s Price Could Reach For The Moon Due To Important Partnerships
Ripple and XRP have been making headlines this year due to various accomplishments, new listings, and brand new partnerships.
It’s probably safe to say that XRP has the most active community in the crypto space and another one which resembles it is maybe Tron’s.
Even if there have been various concerns related to the nature of XRP, Ripple’s CEO, Brad Garlinghouse always made sure to state and prove that XRP if not centralized.
Even Binance’s CEO, Changpeng Zhao said that Ripple’s XRP is definitely not a security.
Ripple’s XRP is reportedly not centralized, and enthusiasts proved it
There’s been a server outage at Ripple, and it looks like this could be a solid proof that XRP is not centralized, Bitcoinexchangeguide just reported.
This recent event managed to trigger a whole controversial debate on Twitter with some users even saying that Ripple was the one that orchestrated the whole thing just to prove that XRP is not centralized.
What happened was that even if Ripple’s servers were down, XRP continued to trade and in people’s opinion this was a clear proof of decentralization.
Ripple’s essential partnerships
The most important partnerships mentioned by Investinblockchain include SendFriend, Euro Exim Bank, and Transpaygo.
The online publication says that these companies will definitely leverage the source liquidity on demand when they will be making transactions on behalf of their clients.
SendFriend is using Ripple’s product xRapid, and Euro Exim Bank also uses xRapid and XRP in order to minimize transactions costs. They ditched the traditional payments system SWIFT for Ripple.
The existing correspondent banking system is slow, inefficient and costly. We are excited to partner with @Ripple to solve these problems—to offer our customers a cheaper and faster way to send money to the Philippines. https://t.co/NWQ3LbyjlJ
— SendFriend (@sendfriendinc) January 8, 2019
Transpaygo is a company which allows international transfer of funds, enabling bulk transactions, repeated transactions, and the ability to send multiple recipients.
The firm operates in over 140 countries with over 40,000 customers, and they’ll also begin using XRP in order to provide on-demand liquidity and reducing costs while increasing the transaction speed.
All these partnerships are expected to trigger a price surge for XRP as well.
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.
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.