Prices are anticipated to increase according to Ripple’s CEO as the digital currency is currently gaining momentum. Brad Garlingouse, who serves as the CEO of Ripple, explained how the cryptocurrency is gathering momentum and why he believes the momentum is set to result in a rise above the 1USD mark (or even beyond the 5 USD mark as well). Ripple continues to secure partnerships with some of the most critical players in the financial sector which has allowed it to keep making a difference. Hence it shouldn’t be underestimated.
Ripple Has Secured Lucrative Partnerships With Financial Powerhouses And Is Building Momentum
Crypto markets have been slow in recent weeks for every digital token. Ripple, however, could be the token that leads a new recovery after the digital currency made several successful announcements regarding its partnerships this month.
Brad Garlinghouse, in a recent interview with CNBC, announced twenty new production collaborations with new companies. This development comes after the top digital token achieved a record q 1. The most recent partnership is with the National Bank of Kuwait one of the largest in the middle east. The bank will use Ripple’s current platform for international transactions.
On another Ripple note, two other Financial Tech companies signed partnerships with the digital currency as well. InstaReM a tech startup from Singapore and BeeTech off Latinamerican origin are the firms. Both firms have adopted Ripple’s xVia and xCurrent to conduct cross-border transactions in real time.
Ripple is now the third-largest cryptocurrency in the world by market cap. Additionally, its partnerships and applications have become some of the most influential. The project’s goal is clear, and the crypto startup is moving in the right direction decisively. Whether it occurs in the short-term, medium or the long run, these partnerships mean that Ripple’s price is destined to skyrocket. Thanks to the network’s popularity, media, and mainstream penetration, continuing success in the financial sector, and investing interests around the globe.