Ripple (XRP) holders and enthusiasts were fast to notice that Ripple has not appeared in the news with new partnerships in the last period. Accordingly, the last big news on Ripple was the partnership with Santander which signed up to use Ripple xCurrent. Now, many XRP holders started to question this silent period coming from Ripple. However, there might be a few good reasons why Ripple team is so quiet, lately.
What has Ripple (XRP) achieved so far, in terms of partnerships?
In fact, Ripple partnered up with about 50 central banks and approximately 100 regular banks, from every corner of the world. Additionally, Ripple (XRP) has also partnered with dozens of financial institutions and cryptocurrency exchanges.
Among the biggest deal Ripple has ever signed, noteworthy are the partnerships with MoneyGram and Western Union, both choosing to work with the xRapid platform, as well as the partnership with the Mexican payments processor, Cuallix, which brought to us another clear evidence of the Ripple (XRP) cross-border payments platform’s advantages.
Accordingly, recent real-time tests showed that xRapid reduced fees by 70% in cross-border payments between Mexico and the US, while it fulfilled the transactions in 2 minutes, on average.
Ripple (XRP) price
At this moment, XRP trades at $0.72, showing a 6.75% appreciation in the last 24 hours. Also, XRP seems solid on its third place on cryptocurrencies market, by market cap, despite the fact that Bitcoin Cash (BCH) is coming from behind fast and now approached at only about $3 billion behind Ripple crypto coin.
Despite the momentum BCH is experiencing now, it will have to struggle more to surpass XRP, in terms of market cap. But it wouldn’t be a surprise, whatsoever.
Why is Ripple team so quiet lately?
Well, Ripple devs are working on many projects as we speak, therefore, it could be possible that Ripple stores something stunning in its bag.
Many Ripple enthusiasts talked lately about new announcements on the upcoming Rippled 1.0.0 RC1 release which has been announced recently. Other think it could be something about a new huge partnership involving one of the Ripple’s renowned platforms.
What is clear is that Ripple (XRP) and its team have something major in store for us. What it is, however, we’ll definitely find out in the next couple of days or so.
Jackson Bey was born and raised in Lethbridge Alberta but moved east when he was 22. Apart from running his own consulting firm. Jackson spends his time canoeing the many lakes of Ontario. As a financial journalist Jackson has published stories for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to Billionaire 365, Jackson mostly covers markets and trade.