Published 2 years ago

When the parent company of Ripple decided to lock up 55 billion XRP on the 8th of December, many Ripple disciples were more than happy to declare that their loyalty would soon pay dividends in the form of a price surge. By December 15th, some exchanges such as cex.io had experiences an XRP price of as high as $1.57..

To add to the buzz surrounding Ripple, CNN named it as one of the leading cryptocurrencies in the market in an online article on the 18th of December. Secondly, there has been reports of Japan Bank Consortium and other international banks trying out cross border payments using Ripple’s settlement technology, xCurrent..

Such an example of real life applications of blockchain technology means that Ripple will chart its own course in the financial world. As a result, investors will have confidence in a proven product by Ripple which will positively affect the price of XRP in the markets..

Real applications of technology products are the reasons big investors such as Warren Buffet are known to be bullish about companies such as Amazon, IBM and Apple. In a similar manner, Ripple’s CEO, Brad Garlinghouse, is in a position to steer Ripples financial products to the point where even mainstream investors, such as Buffet, who are staying away from crypto, might be enticed towards buying their first XRP..

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