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Ripple strengthens its foundation in Asia through 3 partnerships

The Ripple XRP has been received well on the market, and the price has recovered slowly after the 2017-2018 depreciation. That’s why the performance of the XRP market is widely discussed these days. The price of XRP has stabilized, breaking the downward trend and has also started to form an upward movement. Now Ripple seems to be focusing again on building partners and alliances in Southeast Asia.

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Ripple News is making the rounds again. Obviously Ripple intends to further expand its presence in Asia. This time, South Korea has been the target. There, Ripple was able to conclude three new partnerships with Sentbe, Hanpass, and WireBarley.

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Ripple to displace the system

There has been no doubt that Brad Garlinghouse and his team are ambitious. Not only that, they are successful in what they do, that’s understandable, considering that Ripple is not peddling to displace the system that already exists. They want to improve it by offering a cheaper and faster alternative for processing international payments. Not only does that sound good, but it obviously sells well.

Ripple has a future with its own plan

It must be stressed that so far only a few have made the switch and thus the adoption of Ripple technology. This is probably due in part to regulatory uncertainties. Nevertheless, more and more companies and banks are joining RippleNet. Even if no one is ready to go all-in yet, obviously everyone wants to at least keep the option to be a part of it. One could perhaps also speak of FOMO – Fear of Missing Out. Maybe this describes the current situation around Ripple quite well.

At this point, however, it should be emphasized once again that members of RippleNet do not have to use XRP. RippleNet is a combination of all three Ripple products, which are no longer advertised individually on their homepage. These are xRapid, xCurrent and xVia. Recently, Ripple had interrupted the regular and strong sale of XRP to institutions. Instead, they are now trying to persuade potential buyers to make their purchases in the open market. This decision resulted from strong complaints from the XRP community, which accused the company of price dumping at the expense of retail investors.

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Ripple to focus on building partners

Now Ripple seems to be focusing again on building partners and alliances in Southeast Asia. Emi Yoshikawa, Senior Director of Global Operations, commented on this development as follows: “South Korea is a hotbed of Fintech innovation and Ripple is committed to expanding its customer base and presence. Since the Korean government began licensing payment providers for wire transfers in 2017, it was shown how Korean payment providers have dramatically improved payment processing for their customers and we are pleased to be part of their ongoing efforts.”

Is the Ripple course forecast by Crypto Michaël correct?

The XRP course had to let some feathers down in the last 24 hours. Due to the fact that the Bitcoin price is a bit weaker, the color red is currently running through the entire crypto market. This is nothing new. This is also no reason for concern because the XRP price could be back to green in the next few days.

Already in Ripple Course Analysis, the XRP course could possibly face extremely bullish times. The XRP price could be facing an upward rally. At least if it manages to stay above the $0.247-0.25 level. Currently, the XRP price is trading at a price of $0.26 and it gives the reason to believe that it will not fall much lower.

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(Featured image by CoinView App via Unsplash)

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Suzanne Mitchell juggles the busy life of a full-time mom and entrepreneur while also being a writer-at-large for several business publications. Her work mostly covers the financial sector, including traditional and alternative investing. She shares reports and analyses on the real estate, fintech and cryptocurrency markets. She also likes to write about the health and biotech industry, in particular its intersection with clean water and cannabis. It is one of her goals to always share things of interest to women who want to make their mark in the world.