Ripple Labs, in charge of managing the supply and administration of the XRP coin, has been a trend due to the impressive increase in the price of its centralized currency, the famous XRP.
The increase in the price of approximately 90% and an increase in the adoption of the cryptocurrency has put this company on a good path, but many wonder why the price of the coin increased, and from my point of view it is due to three equally important factors:
1) The number of online addresses increased sharply after the announcement that the date for the Spark token powered by XRP.
2) Acclaimed Fork that is a revolution in both the Ethereum network and that of XRP and the Token Spark.
3) The rumor after the registration of a new brand in the United States with Ripple Labs at the helm, what is supposed to integrate cryptocurrencies to the international remittance market, Thus, brands such as Western Union and MoneyGram become direct competition.
Therefore, if that rumor becomes a reality, a new era in remittances would see the light, Ripple Labs unlike Western Union MoneyGram, I would not seek to earn so much money but increase the use of the network.
What do you think about this, will it be the cryptocurrency revolution in monopolized markets that abuse their customers?
Note: In the past there have been collaborations between MoneyGram and Ripple, so they have experience in the field.