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.
Born2Invest is a mobile application for crypto enthusiasts and financial news. Our mobile application is a platform for the next generation of investors. We explore how cryptocurrencies and digital assets are contributing to the evolution of the global financial system.
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.
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.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in CRYPTOMONDAY, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Why using ESG research in COVID-19 times is important
The Corona crisis presents companies with a variety of challenges. Investors who incorporate environmental, social and corporate governance (ESG) factors...
Bitcoin course rally by 4,500%? BTC signal as before the 2017 Bullrun is back
According to Glassnode, 61.33% of the BTC offer has not moved for 1 year or more, which is a new...
The coronavirus favored the fintech sector and the digitization of Italian banks
The coronavirus crisis has affected all economic sectors. However, the fintech sector managed to thrive, thanks to the confinement measures...
The crypto sector in India is in the midst of uncertainty
Since the relaxation of regulations, India has seen a resurgence of crypto fever, but uncertainty has returned, shaking a reborn...
VR News: Zadar Ventures (TSXV:ZAD, OTC: ZADDF) poised to win big with XRApplied acquisition in the augmented and mixed reality and toy industry
Video game giants like Nintendo and Niantic Labs have already won big by capitalizing on the integration of virtual and...