United States – After the 2020 XRP Ripple Swell Conference last October 15, 2020, Ripple CEO Brad Garlinghouse claimed that XRP is ready for the ultimate liftoff to $0.3. The cross-border token has recently reached the $0.26 mark. During the Swell Conference’s opening keynote, Garlinghouse revealed that the world has used XRP in about 20% of all transactions and has a nominal value of about $2 billion.
The Ripple CEO also shared the company’s mission to increase its pulling power in Asia. XRP’s speed, scalability, and low cost per transaction are beneficial for Asian business people and entrepreneurs with instant settlement and exchange. Currently, XRP Ripple has over two dozen customers, and most of them use MoneyGram, Azimo, Flash FX, and SendFriend. According to Garlington, these customers are using the on-demand liquidity in production.
The Ripple CEO also discussed Azimo’s huge success with XRP Ripple. According to Garlington, Azimo saves between 30% to 50% when arranging currency transfers between the Philippines and the United Kingdom using XRP and its on-demand liquidity. Thus, it is quite clear that 2020 has been a massive year for XRP. Many researchers predict that the public will see rapid XRP growth before 2020 ends. Ripple is very excited by the customers’ interests and how people see this cross-border currency’s real value.
Although Bitcoin continues to be the most appealing cryptocurrency among investors, some are starting to hold alternative assets, including XRP, leading to Ripple’s more significant growth. With more than 500 employees now, RIpple is surely more equipped to face the future and attract more customers.
Currently, they are promoting XRP in Asia. As Garlinghouse explained, most cryptocurrency transactions come from the Asia Pacific region. He further stated that this situation could help them attract more interesting customers in different Asian countries.
When the Ripple CEO spoke about the Line of Credit (LOC), he said that it would help many companies quickly adapt to the on-demand liquidity and upscale their businesses. With LOC, Ripple and its customers can step into a more convenient and safer world of financial services by adopting XRP. This platform indeed helps upscale companies since they no longer have to separate credit agreements in different countries.
Ripple has undoubtedly delivered a litany of good news at the Swell Conference 2020. The company surpassed over 300 new customers, including some giant and a global network of banks and payment providers.