ripple xrp Ripple labs want to enter the international remittance market?

[Amiami 1362]

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.

 

[Cleaner 2549]

XRP is a good coin.  The influence of these coins has increased in the crypto world.  However it is controlled by the Ethereum blockchain.  So the demand is good.  Since these coins are being used by good brands.  So this coin will make the crypto market demand better

[Dark Shadow 295]

@Amiami Ripple's popularity is increasing day-by-day and it really has a bright future ahead of it. The 3 points that you have mentioned are really the factors that have lead to it's increased demand in the market. And if this rumor does come true then this will be a cryptocurrency revolution in monopolized markets.

[Bellamy 1065]

These are the main reasons that in recent weeks have driven Ripple's prices up. Updates like this and events like the Spark airdrop lead to the FOMO where large numbers of people enter the business to participate. It is estimated that the XRP values will reach their historical maximum before December 12, on the other hand I think that after the Spark event many will go to sell their XRP in bulk without realizing that the network is evolving and that in the future this it will cause the estimated values to be exceeded.

[Amiami 1362]

1 hour ago, Bellamy said:

These are the main reasons that in recent weeks have driven Ripple's prices up. Updates like this and events like the Spark airdrop lead to the FOMO where large numbers of people enter the business to participate. It is estimated that the XRP values will reach their historical maximum before December 12, on the other hand I think that after the Spark event many will go to sell their XRP in bulk without realizing that the network is evolving and that in the future this it will cause the estimated values to be exceeded.

@BellamyI agree with what you mention, it is true that the FOMO has been a fundamental factor that has led to a massive purchase of coins in most exchanges and in the same way the price may fall after the Spark event, at that time it would be optimal further capitalize in anticipation of its next market rally during 2021.

[Syedbesharat 5423]

Ripple have strong support and now they are moving toward remittance their they habe experience and can get more adoption as we closely follow the XRP we could see their constant efforts for contracts and bring more investors and policies to maximise their  influence in crypto market. They could be good competitor for BTC in future if they keep growing like this. They have many brands onboard and number is increasing .

[1qDan 478]

The panorama posed by the recent growth of Ripple labs and its XRP currency, is something that has not been seen before in the world of cryptocurrencies, and now if the rumor comes true, then new competition would enter the remittance or currencies market , which in my opinion is a very good thing, since competition in the markets always benefits users.

[Amiami 1362]

23 hours ago, Syedbesharat said:

They have many brands onboard and number is increasing .

@Syedbesharat Yes, a large number of banks and companies have commercial associations with Ripple Labs, which makes me think that despite being a centralized currency, it can become the most used by people outside the world of cryptocurrencies, due to the recognition that it has by different partners.

 

23 hours ago, Amelia23 said:

meaning more people will adopt this currency making it easier for crypto users to buy online

@Amelia23 That's right, also due to US regulations they are considering moving their headquarters to Europe or Asia, where some banks are rumored to be interested in integrating the Ripple system into ATMs so that everyone can get access to the XRP currency at money exchange fiat

[Frodler 943]

The Ripple lab are constantly evolving and the fact that they have expanded their scope beyond just being a cryptocurrency to providing solutions to financial payment systems puts them ahead of the game. 

[Syedbesharat 5423]

23 hours ago, Amiami said:

@Syedbesharat Yes, a large number of banks and companies have commercial associations with Ripple Labs, which makes me think that despite being a centralized currency, it can become the most used by people outside the world of cryptocurrencies, due to the recognition that it has by different partners.

 

Despite being crypto XRP successfully attract non crypto investors in project which is their huge achievement and no doubt that are constantly making plans and announcement globally. Their cap is at 3rd and if crypto makes more progress their gape from 2nd position will be more less. The XRP is most loved one coin and used for many centralised exchanges. 

[Michar1 1693]

I have not been interested in investing in that crypto perhaps due to the fact of being manipulated by its own creator, it is also true that the price has been increasing and constantly.
But it is not known when a manipulation is heard, which causes the price to fall sharply.

[Amiami 1362]

26 minutes ago, Michar1 said:

I have not been interested in investing in that crypto perhaps due to the fact of being manipulated by its own creator, it is also true that the price has been increasing and constantly.
But it is not known when a manipulation is heard, which causes the price to fall sharply.

@Michar1 I understand what you mention, but more than a manipulation it is due to a free market effect, since an increase was stipulated up to $ 0.30 but the community has created a bubble around XRP, which will surely explode after the snspshot for the AirDrop of Flare network.

[cryptovlek 2597]

Ripple has a lot to consider today and all their plans for international remittance dominance are being stopped after the SEC sued the Ripple company for selling XRP as illegal security. This is the big problem and big exchanges started delisting and stop trading for US citizens. Coinbase is the latest one and there will be more.

[percare 3192]

XRP and Ripple are now facing an existential threat. The Sec brought Ripple to justice and a lawsuit means that Ripple will find it very tough to win this battle. A compromise would be ideal but there are many millions that would be needed to be paid by Ripple as a fine.

[Sykkuno 2887]

I wonder if SEC has put Ripple in courts and accuse of foul play, how the rest partners of Ripple feel, as banks usually don't like to have anything to do with unlawful companies, however the SBI bank in Japan supported Ripple, probably having big investment interest in doing that.

[bogdanoff 3173]

Ripple has Moneygram shares but perhaps they gained something from there and can use it to create their own remmitances that could grow to be better from the current. There is a big need for faster money movement and perhaps with xrp it could be easier. Western Union and Moneygram has tehcnical knowledge on this and Ripple may have gained what they wanted from Moneygram. I also learn lately that Ripple was selling a big part of their moneygram shares. Maybe it has to do with that. The problem is the SEc lately with the lawsuit on Ripple. This will stall a lot of these expansions plans.

[yonkii 3205]

I will starte with a plead not to allign the words in the center again. You are making everyone tired because you did that. You may not notice but it is so difficult to read and make me also angry a little about why you chose to do that. This is not a proper way to make a post, make it proper next time.

Ripple has stakes in Moneygram as we know but I have also found lately they tried to sell part of their position after the Moneygram stock doubled from where Ripple bought. Maybe there can be a gap in the remittance market that Ripple could fill, however the latest events may not allow these plans to proceed.

[zhoutong 2188]

Many things happened since this optimistic post and Ripple is now with their backs at the wall as Sec is ready to give a final shot and maybe even end Ripple as a company completely. We have seen the telegram project being stopped so we know that Sec is serious.

[annayks 2314]

Ripple has some good plans that may be a technology breakthrough for the remittance sector. Anything could be done easy with xrp although maybe there shouldn't be profits in the terms of more than a billion in the pockets of a few people and there should have been better legal representation and discussion with the SEC.