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Things Are Looking Up for Ripple and Its Virtual Token

Jamie West by Jamie West
November 5, 2019
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Positive events recently marked the existence of cryptocurrency exchange, Ripple, and its virtual token, XRP.

Ripple reportedly took some huge steps to achieve new milestones for its growth. It inked several new agreements with banking institutions and payment systems.

PayPal in Japan, which has one million retailers and ten million users, reportedly signed up to RippleNet.

Moreover, Ripple has announced that is has acquired a massive stake at money transfer service provider, MoneyGram, aside from introducing on-demand liquidity.

To be nearby the US regulators and to conduct productive talks with them, Ripple has also established a new office in Washington, D. C.

Besides these promising developments for the cryptocurrency exchange and its virtual token, a supporter named Crypto Welson shared his bullish sentiments for the cryptocurrency entities.

On Twitter, the cryptocurrency analyst owns the handle, @CryptoWelson. He shared his views on the popular social media website, saying that he is “ultra bullish” on Ripple and XRP.

The tweet, dating October 31, 2019, shows Crypto Welson’s optimism and observation, citing that in 2018, the virtual token of Ripple had its trading price’s performance being relatively motionless.

Furthermore, XRP had been in the accumulation stage, Crypto Welson remarked.

Nonetheless, he relayed that Ripple and its virtual token are entering the bullish territory, and are prepared to enter new heights.

Crypto Welson affirmed this perspective, seeing that there has been plenty of news and collaborations involving Ripple and XRP lately.

Crypto Welson is anticipating a massive fear of missing out or FOMO on XRP soon.

Finally, Justin Bieber and his celebrity manager, Scooter Braun, are reportedly another set of promising Ripple and XRP backers.

In July, Ripple’s Xpring had an agenda of sealing a deal with the pop singer, his manager, and another pop icon, Ariana Grande, worth $500 million.

The substantial investment is reportedly aimed at finding new usage for Ripple’s cryptocurrency.

The October 30 tweet of a Twitter user, @BankXRP, appears to be alluding to this development. The message presents a video of Bieber running at famous tourist destinations.

Virtual Token1 | XRP & Ripple News
Ripple and its virtual token, the XRP, have reportedly found another supporter in pop singer, Justin Bieber.

It also demonstrates famous film scenes having his running figure embedded on them, like those from “Trainspotting” and “Pirates of the Caribbean.”

The phrase ‘Runs on Ripple’ is visible on the presentation, which seems to relate to the reported partnership between the “One Time” singer and the cryptocurrency exchange.

jamie xrp news | XRP & Ripple News
Jamie West
Tags: cryptocurrencycryptocurrency exchangedigital currencyJustin BieberMoneyGramon-demand liquidityPayPalRippleTwittervirtual currencyXRP
Jamie West

Jamie West

Jamie is an XRP veteran & keeps his finger on the pulse when it comes to all things crypto.

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XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

Unmatched Transaction Speed

One of the most compelling attributes of XRP is its unparalleled transaction speed. In a world where traditional banking can take days to process cross-border payments, XRP offers a stark contrast with its ability to settle transactions in mere seconds. This efficiency is a game-changer for both individuals and businesses, ensuring that funds are transferred quickly and seamlessly around the globe.

Low Transaction Costs

Another significant advantage of XRP is its incredibly low transaction fees. Compared to other major cryptocurrencies and traditional banking methods, XRP stands out for its cost-effectiveness. This feature makes it an attractive option for micropayments and regular international transfers, offering a more affordable solution for everyday transactions.

Scalability and Sustainability

Scalability is a critical factor in the cryptocurrency world, and XRP excels in this aspect. Designed to handle a large volume of transactions without compromising speed or cost, XRP is well-equipped to meet the demands of a growing digital economy. Additionally, its consensus protocol is less energy-intensive than the traditional proof-of-work used by many cryptocurrencies, making XRP a more environmentally sustainable choice.

Broadening Financial Access

XRP is not just a tool for efficient transactions; it’s a catalyst for financial inclusion. By simplifying and reducing the cost of cross-border payments, XRP has the potential to open up global markets to individuals and businesses who previously found these transactions prohibitively expensive or complex. This democratization of financial services is a cornerstone of XRP’s vision.

The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

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