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Ripple is the main engine of the adoption of cryptocurrencies in the real world. No matter the revolution that is Bitcoin, or the promise and power of Ethereum, Ripple is the number one engine / shaker in the industry. American Express is just the latest in a series of conventional fintech giants that recognize this fact.
We heard from Carlos Carriedo, general manager of American Express corporate payments, at the Wings of Change Europe conference in Madrid at the beginning of December. Carriedo had this to say:
"We did a pilot, we did a test, working with Santander locally and with Ripple just to make cross-border transactions, cross-border transactions continue to be complex and slow, and in a few seconds, through this test, our customers were able to transfer funds in a transparent and seamless way, on one side of the world. "
Carriedo also pointed out that American Express was exploring ways to make blockchain a standard part of its international business, to cut costs, improve results and eliminate expectations for customers of all types. Ripple once again demonstrated that international customers can benefit from its product range, such as RapidX, and it is only a matter of time before it even starts to revolutionize credit card companies.
Will 2019 be the year of the XRP ripple?
Crypto enthusiasts still complain about Ripple. It is seen as too centralized, too much at the service of the institutional class. This integration with conventional industry is seen by some as contrary to the punk spirit of cryptocurrency, as defined by Bitcoin itself.
However, the Ripple philosophy "If you can not defeat them, join them" could prove more effective than the Bitcoin coup approach. In any case, Ripple is at least useful, and different institutions such as Wal-Mart and the Royal Bank of Canada are actively taking note.
We expect Ripple to continue to make institutional raids in 2019. In this way, it could very well take first place from Bitcoin BTC in the classifications of the encrypted market. It is almost unimaginable that any currency other than Bitcoin can hold the first place, but people used to say the same thing about any coin, but Ether occupied the position n. 2 of the market.
The XRP lost significant value in 2018, but was a little more resilient than many of its competitors. We expect Ripple to be on top of the pile in the event of a widespread industry recovery. If the bear market continues in 2019, we expect Ripple to start emerging at the head of a new class of cryptocurrencies and cryptographic tokens, typified by active use and adoption cases in the real world, not by hype and by vapourware that define the sector. in 2017 and 2018.
Featured image source: Flickr
