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The popular Visa payment service provider has shown interest in expanding its business ventures into crypts. Their plans came much closer to reality when they decided to buy Earthport, a start-up with close ties to Ripple, the company behind the XRP cryptocurrency.
Earthport is a London-based start-up focused on distribution
cross-border payment services to banks and financial institutions. L & # 39; Company
previously collaborated with Ripple to integrate its cryptocurrency protocol into
its existing payment network. This partnership was intended to exploit Ripple
Frontier-free cross-border payment solutions to create a fast, secure and legal service
payment / transaction infrastructure compliant.
What are the most reliable and used XRP wallets?
Earthport has launched its application programming interface
(API) designed to connect banks to the distributed accounting protocol of Ripple when
the processing of cross-border payments in 2016. Cointelegraph believes it
the technology will be integrated with Visa's native Visa B2B Connect
payment infrastructure, ready for launch in the first quarter of 2019.
The start-up suffered during the year 2018, as its shares fell by almost 30 percent compared to the January value. Visa International Service Association, a division of Visa, offered 30 pence for each Earthport action, a price that is four times the Monday closing price of 7.45 pence, Reuters reports. Earthport considered that the offer was "fair and reasonable" and recommended that its shareholders collect their shares. Rothschild & Co advised Earthport on the deal, while Goldman Sachs advised Visa.
What does XRP holders contain?
Not much at this point.
The future of XRP depends entirely on the Ripple Labs company and their expertise, but also on moral integrity to do what they have promised. The promise is to develop protocols, acquire partnerships and then incite them to use XRP for value transfer. Only in this scenario XRP owners can benefit from all the partnerships and collaborations Ripple Labs, the company that presumably is an entity completely independent of XRP, which promotes and develops over time.
At the moment, XRP owners can only hope that the hype and the FOMO around XRP reach dizzying heights, so the new contingent of buyers and "moon hodlers" enters the market and throws the price into the stratosphere.
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The writers and authors of CapitanAltcoin may or may not have a personal interest in any of the projects and activities mentioned. None of the contents on CaptainAltcoin is an investment advice, nor does it replace the advice of a certified financial planner.
The opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
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