XRP (XRP) has had a very rough year. The digital currency has refused to back down despite all it has gone through. XRP has been able to pull through despite being caught up in controversies, lawsuits, and massive declines in its value. XRP has lost more than 80 percent of its value from its all-time high. However, the digital currency has remained strong without any major permanent setbacks.
Ripple Inc. – the parent firm of XRP (XRP) – has also had a pretty tough year with the digital currency. The firm has been sued several times because of XRP. This even made the firm to separate itself from the digital currency, even though it owns more than 50 percent of XRP tokens.
Since then, XRP has been running independently. The digital currency has achieved quite a lot on its own, even though it is still being backed and supported by Ripple. The firm recently created a product that uses XRP (XRP) – xRapid. This will help to increase the adoption of the coin as well as its value.
Ripple Is Being Likened To Microsoft of the Digital Currency Space
Recently, Phillip Nunn said if Ripple continues with its current trend, it could end up becoming the Microsoft of the digital currency space. Phillip Nunn is a CEO, entrepreneur, and speaker of international stature. What makes the comparison of Microsoft and Ripple more notable is that it came from Phillip Nunn, who is an XRP (XRP) skeptic.
Phillip Nunn is the CEO of The Blackmore Group and Wealth Chain Group. According to one of his tweets, he said he has never been a fan of XRP. Nevertheless, he acknowledged the fact that Ripple has been making some strategic moves in the crypto space. He said the firm might become the Microsoft of digital currency.
It is obvious that the (seemingly former) XRP skeptic finds some similarities between the current stand of Ripple and the progress of Microsoft when it started. Nunn said Ripple is following the footstep of Microsoft. Decades ago, Microsoft mainly focused on the mainstream adoption of its technology. Nunn said that is exactly what Ripple is doing now.
He believes Ripple is playing it smart by creating strategic relationships with top financial institutions and banks. Relationships that will make it the go-to platform for digital currency and blockchain solutions.
Blockchain Projects Need Mass Adoption to Survive
The crypto space is highly competitive, and the blockchain project with more adoption will tend to dominate the space. Mass adoption is very important, as it is what will help the project or product to survive. According to Nunn, the digital currency industry has gotten to a stage where the ability of developers to push their products or projects to mainstream adoption is extremely important. It will eventually make the difference between the failure and success of the project.
XRP (XRP) Price Today – XRP / USD
At the time of writing, XRP (XRP) is trading at $0.4462 after a sharp increase of more than 6 percent over the past twenty-four hours. The current market cap of the digital currency is $17.85 billion and its trading volume over the past twenty-four hours is $504.61 million.