Many 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 chief 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 exchange of the newly launched SBI Virtual Currencies digital currency.
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 more than two years.
Yoshitaka Kitao has become confident on the digital currency
Yoshitaka Kitao – the company's CEO, has been bullish for a $ 10 ripple all 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 money is the latest statements by Ripple CEO – Brad Garlinghouse, that many banks will use Ripple products by 2019. This means that these remittance service providers and financial institutions will use most likely 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 is extracted from the supply, creating a wave of demand that will slow down but will constantly increase the value of the digital currency.