Brad Garlinghouse Buzzed for Ripple future
In a recent interview with , Brad Garlinghouse. CEO of Ripple, couldn’t contain his excitement.
After the MoneyGram deal, companies they had previously worked with. Have now returned to the table.
“We’re in a very strong position, our business is growing strongly, we have a strong balance sheet, and I intend to press our advantage, active discussions on “multiple” potential investments and acquisitions were currently underway”
Realizing the incredible potential of using Ripple tech. Has not only brought them back for discussions.
But Ripple seems to have also lined up a stream of future investments, Brad told Yahoo.
The Ripple Effect
Ripple is now ranked as one of the worlds biggest fin-tech companies. Founded in 2012 the payments company has gone from strength to strength.
Ripple has been assisting major banks to streamline and simplify international payments using this technology.
Most financial institutions are looking at cryptocurrencies & blockchain to advance business and profit margins.
MoneyGram is the first in a long line of international financial institutions, which are seeing the benefit of cheaper and faster payment methods. Not to mention the unique blockchain technology which offers speed, low volatility, and security.
This move should see MoneyGram dominate their market. Leaving competitors like Western Union way behind.
The low cost of each transaction means MoneyGram can offer the cheapest money transfers in town…
Who’s next on the Blockchain bandwagon?
When asked who is next in line to use the Ripple technology he remained tight-lipped. But Brad added to say that,
“Deals are always very, very hard to predict. Banks that 2 years ago told me, hey we love your technology, we’re thrilled to be working with you but we’re not going to use crypto. I said OK great. Some of those same banks are now coming back and saying hey let’s talk about that because they see the value”
When pushed for names, he kept his cards close to his chest. With MoneyGram on board, other MAJOR players seem about to join Ripple.
Could this be SWIFT finally taking the XRP plunge?? We will likely have to wait until mid-2020 ish to find out.
Honeymoon of Ripple & MoneyGram
MoneyGram is already using XRP powered Xrapid. Settling payments securely, with all necessary checks - in seconds. Currently servicing transactions to Mexico and the Philippines. International transactions are to follow shortly.
“The Moneygram deal is really one of the first scaled use cases of a digital asset in production, this is a big deal. If I were betting, a year from now the Moneygram deal will have a more consequential impact on crypto markets than the Libra white paper”
XRP Price Same…
Brad says by the end of 2020 we should expect to see the xRapid daily volume close to 1 billion dollars.
The current xRapid volume as of today August 14th, 2019 is only around $180 million.
Once we see usage exceeding the billion-dollar mark. We will start to see some real shifts in the price of XRP.
Every time a transaction happens, a little is burned off. This makes XRP more scarce over time. Scarcity = higher price.
What Else is Happening?!
Every month a billion XRP release from Escrow. This dilutes XRP price and swallows the money from small investors.
Ripple does this A. to keep the price stable. B. the SEC said reduce your XRP holdings before it is ruled a security.
If Ripple releases enough Escrow held XRP in time for the ruling. They will be classed as a utility token.
Then the financial giants join the party. Then XRP hits over a trillion-dollar market cap & we all get rich…
When will it Change
End of the day, Ripple has made more partnerships than anyone else. XRP has more utility than other crypto tokens.
There is no doubt that one-day XRP will reach seriously high volumes and seriously high prices.
Around June next year Bitcoin will halve the reward coins gained by mining. Instantly its value will double.
Then real investors take notice and invest en masse. All crypto’s with real usage and utility will skyrocket in value.
It will be the exact same principles behind the 2017 Bull Run. We expect XRP to reach $5- $10 at least by this point.
If it doesn’t go anywhere we will be packing up and giving up too!!