Some experts think that Ripple’s IPO will put an end to the inherently speculative nature of the XRP token that won’t be much appreciated by its investors.
According to Wietse Wind, the lead developer of XRPL Labs, Ripple is considering launching not only a free version of the banking app but also a paid one that will be called ‘Xumm Pro’.
According to Jeffrey Tucker, the future for the XRP price is quite unclear right now. It can either reach one million dollars or fall to zero.
Ripple says that the future of payments will be commanded and shaped by emerging technologies. The company is said to be fully prepared for this future.
Having received big-fat funding last year, Ripple is all geared up to expand its XRP payments network globally. The company is in talks with commercial banks and financial businesses willing to adopt its solution.
A new Market Integrity Working Group, tasked with the responsibility of ensuring fairness and accountability in the crypto space, will be co-chaired by senior executives of both Ripple and Coinbase.
During an interview at the WEF 2020 event in Davos, Garlinghouse said that more crypto companies will plan to go for an IPO in 2020. The Ripple CEO is confident about the company’s position in the evolution of the payments industry.
Despite a growing interest by global organizations and government institutions for the blockchain technology, the industry saw a drop in new funds raised. Ripple managed to steal the show with over $200 million raised in Series C funding.
BitMEX has announced that it will launch the XRP/USD quanto product while the platform’s UP and DOWN contracts will be delisted.
Ripple experienced a massive 80% drop in its total sales of XRP in Q4 2019. The figures in the recent report are the lowest in the past 36 months.
Two new partners, Bottomline Technologies and Tranglo, are currently working on integrating Ripple’s technology for their cross-border payments. The U.S. Treasury might also be supportive.
As BitPay officially launched support for XRP, eGifter and CareUSA were announced among the first merchants to accept XRP as a payment method.
MoneyGram has unveiled its strategic partnership with UAE-based Lulu Exchange in a move that will enable it to gain ground in the Oman and Asian-Pacific markets.
During the first day of WEF 2020 at Davos, the U.S. Treasury Secretary acknowledged the demand for faster cross-border payment solutions and said that the U.S. will support companies like Ripple offering such services.
XRP/USD is now testing the $0.231 level as support. Leaving the zone may lead to the fact that traders may place a short position concerning the $0.176 level.