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CEO of Tron, Justin Sun has supported a lot of Ripple. Although some are seeing Ripple's treatment as a leveraging method to eventually adopt TRX, others believe that his vision of Ripple is completely genuine.
Sun is known for his candid personality and the contribution he made to the blockchain industry. He regularly discusses his point of view on blockchain technology and one of these opinions has been that massive adoption is in the future of Ripple XRP. This vision and others seem to materialize, which is interesting in itself.
Although Sun manages Tron, he has regularly used Twitter and other social media platforms to express his satisfaction with the success of Ripple XRP, especially when it comes to the area of cross-border remittances and how the currency passed second position of Ethereum. Sun's enthusiasm has led many to wonder if he has a personal stake in Ripple.
This may be true, since Sun has claimed at one point that he is a shareholder of Ripple's XRP. He also performed various tasks for Ripple before founding Tron. One of Sun's latest praises of Ripple is his expression on the Ripple xCurrent cross border product. After the PNC bank discussed the impressive product swings and adopted it for cross-border transactions, Sun welcomed the congratulations to Ripple for price increases and market performance. xRapid was then launched a product that led to additional Ripple increases.
So far, xCurrent and xRapid have been implemented by many international transfer banks, which may suggest that Ripple will be a large part of the market and Sun's confidence in the currency is certainly not groundless.
Moreover, it is possible that the Ripples wave is not only motivated by Sun's media comments and the general provision, but also by the banks. For example, the adoption of the PNC bank has led to an increase in the market price and, ultimately, while other banks adopt the ripple, it will become even more popular as an instrument for companies.
Naturally, Ripple's mass adoption is not without challenges. On September 21, 2018, XRP performed well during the bull market and, at the end of the day, led to second place in market capitalization after passing Ethereum. Although the currency has returned to its third place since then, XRP has been able to demonstrate the Sun's perception that the currency will work well.
In addition, Ripple collaborated with the PNC bank in an attempt to improve the cross-border scope of money. The bank is one of the largest financial institutions in the country and enjoys a positive reputation for processing cryptocurrency and blockchain transactions.
At the end of the day, the theory that Sun's perception of Ripple has underlying factors could hold back water. It will be interesting to see how your Ripple treatment will continue and how it could affect its growth in the market.
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