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Ripple shows positive signs of an uptrend at the moment and deVere Group CEO Nigel Green believes that the price of XRP could exceed $ 1 before the end of the year.
Ripple's XRP is the third largest cryptocurrency and has a market capitalization of $ 21 million at the time of printing. Green believes that Ripple is well suited for the surge and anticipates the utility of Ripple to increase for greater adoption by many FinTech companies and organizations around the world.
Green also stated this: "Cryptocurrencies are the future of money and, clearly, XRP is proving to be one of the most useful cryptocurrencies for companies, organizations and individuals. "
deVere Group CEO continued,
The use of XRP is bound to increase and of course this will have a positive impact on its price. I think it is likely that we will see it hit the price level of $ 1.00 before the end of the year. It could even double this in 12 months, as the adoption of XRP and usage increases. "
Nonetheless, Green made its prediction due to the way cryptocurrency is changing the world today in terms of finance and money transfer. Ripple (XRP) has already shown that it can revolutionize cross-border payments and global finance.
Recent Ripple Strides
Ripple is changing the way cross-border payments are made, and this has become a top solution for global remittances. Trust payment companies like MoneyTap and TransferGo have adopted Ripple technology.
In addition, Ripple will launch one of its products, xRapid in less than a month, but a specific date is not yet available when this product is launched. It is important to know that the announcement of this product was revealed by Sagar Sarbhai, Ripple's head of regulatory relations in Asia Pacific and the Middle East.
Moreover, XRP is destined to become one of the main means of payment for a new technology startup company known as Coil (in fact, the platform has already started to work). Coil, a startup based in San Francisco, has begun to create a new platform to help content and its creators.
It is important to know that Coil makes use of the Web monetization protocol to pay content creators. Coil also has the goal of using the Interledger protocol "which means you are not tied to any currency, token or single company. " The company also stated this:
"We start with the background of Interlingger and Monetization of the Web before diving into how to use it on their own.The project aims to address the slow slowdown, the high transaction fees and the construction of unsophisticated payment channels that exist today in the blockchain payment solutions The team is creating a decentralized payment network that uses the liquidation interledger and is actively working on an Ethereum protocol plug-in".
Even Ripple is experiencing a collapse like Jed McCaleb, the co-founder of Ripple has decided to increase the sale of XRP tokens he owns. It is also worth noting that, within a week, ending on Wednesday (September 26, 2018), McCaleb increased the sale of tokens to over 500,000 XRPs. Although McCaleb's sales seem huge at the moment, this has affected Ripple's price and market activity.
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Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
Photo of Jack Harner on Unsplash
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