If you are an XRP holder, then you probably then you probably wish for one thing- see its price grow. That anticipation is similar to what holders of TRON’s TRX have. The excitement around TRON (TRX) and its potential after Mainnet is synonymous with the one Ripple hodlers had when a host of banks lined up to partner it.
I like to look at the XRP cryptocurrency the same way I perceive TRON (TRX): these are the two projects that could break into the mainstream on the back of groundbreaking partnerships. I believe TRON will be big, but so is Ripple, and in fact, the latter’s growth is about to get even interesting. For this crypto, it all has to do with fintech partnerships and Ripple’s innovative xRapid solution.
For the record, Ripple’s list of partnerships is quite admirable. Yet, one major complaint from the community has been the lack of price movement on the scale proportional to the partnerships has seen many investors nursing frustrations. Good thing is, recent events mean change is here.
Ripple’s xRapid just got a big boost with the release of pilot results regarding its scalability, speed, and cost of transactions. It is big news.
And who is the winner there? It’s fintech. If the technology behind the solution gets the expected traction, then the next big winner is XRP. A win for the currency then means its value will grow immensely, growth and adoption seamlessly working together to the delight of hodlers.
Why is xRapid so important to Fintechs?
xRapid is an enterprise-ready product that uniquely leverages XRP to offer much needed on-demand liquidity, enabling providers to make real-time payments, especially in emerging markets that may suffer due to lack of liquidity.
Viamericas CEO Paul Dwyer had this to say about xRapid’s potential.
We were very pleased with our pilot results. It’s clear that xRapid can lower liquidity costs while increasing payment speed and transparency in a way that facilitates rigorous compliance controls. We believe that digital assets like XRP will play a key role in the future of cross-border payments… We look forward to exploring next steps with Ripple.”
Another company that took part was Mercury FX.
“Mercury is delighted with the incredible speed and cost-efficiency of the xRapid pilot phase and is excited about a production rollout in the near future,” said Alastair Constance, Founder of Mercury FX. “To date, the Ripple collaboration has been a great success.”
If Fintech’s are adopting xRapid, it means that XRP is already on the road to mass adoption. The rate at which the fintech industry is growing is so fast, we could easily see more and more emerging companies literally scramble to adopt the coin in their everyday financial transactions.
What then, would an investor with Ripple (XRP) want to know at the moment? It’s simply how the XRP asset is likely to perform in the market going forward. Aside from mere speculation, real growth comes in with real-world use. If you are an XRP holder, then you should pay attention to xRapid because it’s the one that utilizes the cryptocurrency and the one solution that is likely to transform XRP into the best cryptocurrency in the near future.
xRapid’s success will explode XRP use
For many holders of Ripple’s native currency believe that it’s the banks that have the potential to propel Ripple to the summit. It could be true, but at the moment they still hold back due to their apprehension of using cryptocurrency. Several banks are already on xCurrent – an enterprise software solution that enables banks to instantly settle cross-border payments with end-to-end tracking- but it doesn’t rely on XRP. Soon, they all could.
There has been a lot of silence on the part of the Ripple team, but there’s a feeling that something big is coming out of xRapid. Once it’s fully launched, the team could embark on a charm offensive of sorts with the banks.
How would that going to work out? Well, it’s like this. Ripple could convince its xCurrent partners to adopt xRapid for the simple reason that it can be a solution to their liquidity problems. If that happens, the XRP ship will be out of the harbor- ready to sail off to the top of cryptocurrency.