The bear that keeps running in the crypt space is not in favor of some cryptocurrencies. Ripple (XRP) has made moves to stay in the green despite the reds that have dragged the market for many months.
Even so, the execution of cryptocurrencies like Bitcoin (BTC) has maintained a firm position in cryptographic space. While the market price of digital currencies continues to fall, analysts are raising doubts about whether Bitcoin can keep up.
The recent "coup" set up by Ripple's XRP that pushed Ethereum away from second position made the statement credible. Throughout the life of cryptographic transactions, Bitcoin (BTC) has led the market. After the ripple run of Ripple (XRP) dethroning Ethereum (ETH), it appears that the Bitcoin (BTC) clock is working.
Ripple (XRP) is a cryptographic standard?
Some apologists Ripple (XRP) are already speculating on the potential of the currency to replace Bitcoin in the market capitalization. The rapid rise that saw Ripple (XRP) overcome Ethereum (ETH) always comes to mind. The demand to become a cryptographic standard can perhaps be resolved by events in the next year.
From a synthetic point of view, the tons of partnerships that the currency has achieved in the course of the year have brought it on the path of global adoption. In just a few years, Ripple's XRP will achieve huge acceptance among multinational banks. It is also possible to detect the developing countries controlled by Stellar (XLM).
Vote of confidence from SBI Holdings
Among Ripple's best partnerships (XRP), the State Bank of India (SBI) has kicked off the Asian region. The bank used cross-border money payment instruments to explore the functioning of blockchain technology in India.
The confidence that the bank puts on the currency has created a way for money to explore more opportunities in the region. It is important to note that the Arab region is a volatile area for cryptocurrencies.
While following Islamic laws, thousands of unassigned people in the region can use Ripple's cross-border payment instruments (XRPs) for their daily financial transactions. It was about introducing a global standard of cryptocurrency is coming quickly and Ripple's XRP is sure to conquer the position.
Kitao supports the cause
The crypto community in Japan participated in the Blockchain conference in Japan held on 27 June 2018 to discuss urgent issues in the cryptocurrency market.
The conference that saw the participation of Cardano, creator and co-founder of Ethereum (ETH); The CEO of Bitcoin.com and other big players in the blockchain sector have created the opening for the dissemination of the Gospel of Ripple (XRP).
The chairman of SBI Holding and CEO of SBI Group, Yoshitaka Kitao, was of the opinion that Ripple's XRP was the "next big thing after Bitcoin (BTC)".
He opined that the currency worked well in cross-border transactions; offering faster transactions with less taxes. He noted that the currency has "Battle-tested"Solutions that work better than traditional payment gateways.
Kitao's currency support is no stranger to rapid results that its international payment processors have pushed forward. For example, India's largest banks, Shinhan and Kookmin, have used the coin blockchain network to process cross-border payments.
Ripple's XRP: Another Crypto King in the Making
The efficiency of xRapid and xCurrent are also the reasons why Ripple's XRP offers better chances of becoming the next cryptographic standard after Bitcoin (BTC). Low transaction costs and 3-second transaction throughput also highlighted Ripple (XRP). While the bears continue in the cryptic market, Bitcoin (BTC) could collapse under pressure. Whether this happens at any time, sooner or later, in the future, there is no doubt that Ripple's XRP is an encrypted standard in the making.