A lot of Ripple enthusiasts were extremely excited about the release of the Codius intelligent contract platform because it was released by Stefan Thomas – the former CTO of Ripple, who now runs Coil. This means that the new platform is an extension of the Ripple family.
The goal of the leader is to introduce the interoperability of the various blockchains and also to devise new ways to monetize the web, instead of the conventional way of doing things. So, this is a good reason to be optimistic about money.
Will the coin value reach the $ 10 mark with Codius alone?
Definitely not, Ripple requires more than one innovative smart contract platform to skyrocket its value in the digital currency market. A crucial factor that will increase the value of the currency is the newly launched SBI Virtual Currencies digital currency exchange.
The trading platform focuses only on Ripple (XRP). The reason is that the parent company of SBI Holdings has been a partner of the Ripple Company for over two years.
Yoshitaka Kitao has become confident about the digital currency
Yoshitaka Kitao – the company's CEO, has been optimistic about a $ 10 ripple throughout the year. He tweeted several times on the currency price forecast and is serious about the recent SBI Virtual Currencies trading platform.
Another factor that could increase the value of the currency is the latest statements by the CEO of Ripple – Brad Garlinghouse, according to which many banks will use the Ripple products by 2019. This means that these providers of remittance services and financial institutions probably use xRapid which is currently the only product in Ripple that uses XRP to find instant liquidity for cross-border transactions.
This means that the more xRapid is used, the more XRP comes from the supply, creating a wave of demand that will slow down but will constantly increase the value of the digital currency.
Even though the crypto market is looking for a fund, Ripple continues to make big moves around the world. The company recently made a move to Israel, entering into a partnership with the fifth largest financial institution in the world and the largest bank in Israel, GMT. This is all in an attempt to revive the financial sector and consolidate the company's dominance in the region.
GMT published a public announcement stating that both companies share a similar philosophy and this has helped them to reach mutually beneficial conditions after discussing in detail. Part of the announcement was as follows:
"After a long and precise discussion process, GMT decided to choose Ripple, working with Ripple and its partners, we will contribute to the creation of a global financial system that uses high-quality values and technologies that are accessible and transparent".
"GMT is joining plants such as CIBC, MoneyGram, AKBANK, MoneyGram and many others that have already started using the Ripple platform, and with this partnership, GMT will establish its place at the forefront of the FinTech industry in Israel. also in close contact with some of the world's leading companies. "
AkBank In Turkey starts using Ripple technology
While Ripple cemented its relationship with financial institutions in Israel, it is also making moves in Turkey. One of the main Turkish banks, AkBank, has just started to use Ripple's xRapid technology. Although the launch of the technology has just been announced, the project has been running for over 12 months.