Ripple has released a tweet saying:
3 of the top 5 global money transfer companies plan to use XRP in payment flows in 2018. Even more in the pipeline.
This is promising news for people that have invested in Ripple (XRP) which has seen amazing growth in 2017. XRP achieved a growth of 35,000% in 2017 and it’s still early days with more firms gaining interest using the blockchain to make transactions across the world more efficiently and with fewer fees.
Ripple’s market cap also grew enormously during 2017, currently switching between 2nd and 3rd highest with Ethereum.
2018 will be an interesting year for cryptocurrencies, whether another coin/token can finally take down the king, Bitcoin. Many say that Bitcoin’s time is over and it is inefficient and flawed compared to Ethereum.
Another price surge was expected for Ripple XRP when major cryptocurrency exchange, Coinbase, was rumoured to support it. They have now since announced that there are no plans to offer it at this point in time.
The CEO of Ripple, Brad Garlinghouse also tweeted the following:
Over the last few months I’ve spoken with ACTUAL banks and payment providers. They are indeed planning to use xRapid (our XRP liquidity product) in a serious way.
The Top 5 Money Transfer Companies
- Western Union