Following the recent surge in XRP prices, Tron CEO Justin Sun said he believed the new situation could indicate the adoption of blockchains by financial institutions. A recent news of Ripple on the XRP price hike brought the third largest market capitalization currency to the center of attention in the cryptic world. So much so that, in fact, many cryptographic experts have begun to see it as an indicator of the great events to come.
TRON CEO Justin Sun recently announced via Twitter that the price hike could mean that banks and other financial institutions could prepare to adopt blockchain technology. The excitement around the Ripple products would certainly mean that too.
Tron's CEO, Justin Sun expects financial institutions to adopt the blockchain
Just a few days ago, Ripple's news about the surge in currency prices erupted and everyone's attention turned to the third largest currency in the world. The price hike was easily the biggest since January, and Ripple skyrocketed more than 181% these days between September 18th and 21st.
Not only that, but XRP has also managed to overcome Ethereum and take the second largest position, several times. However, Ethereum has quickly regained its position, but this is even more of a noteworthy event in Ripple's history. While many were excited about price growth, TRON's Justin Sun sees this as an indicator of something bigger.
According to him, Ripple's actions could mean that financial institutions could prepare to officially adopt blockchain technology.
The XRP pulse shows the recognition of the Ripple protocol by PNC Bank. With Bill Clinton keynoting Swell 2018, blockchain is going mainstream! As Ripple's Chief Rep. Of Greater China since 2014-16 and a Ripple shareholder, I am confident that financial institutions will adopt blockchain. #TRON $ TRX
– Justin Sun (@justinsuntron) 21 September 2018
He also congratulated Ripple, as well as Stefan Thomas, the company's former CEO.
Ripple news also mentions the launch of xRapid
One of the reasons behind the increase in XRP prices, or perhaps even the main one, is a recent announcement made by Ripple. The company has unveiled plans to launch their long-awaited xRapid product. With such an announcement and the combined price increase, Ripple seems to do better than many other criptos at the moment. Not only that, but also PNC Bank has contributed to the new success of the currency, recognizing its protocol and the possibilities that can open up in the world of finance.
As for Tron's CEO Justin Sun, he and his team are currently working on the promotion of TRON (TRX), even TRON has received much attention this year thanks to numerous positive events. One of the most important is the purchase by the BitTorrent company and a subsequent announcement of the Project Atlas, which will have BitTorrent as one of its vital components.
Thanks to these events and announcements, the popularity of TRON has grown a lot, but this still has to reflect on its price. TRON is currently classified as the 13th currency by market capitalization. Its price is $ 0.021118 at the time of writing, an increase of 2.21% in the last 24 hours.
For the latest cryptocurrency news, join our Telegram!
Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Pexels