Ripple Takes Expansion To Another Level, Opens Office In Brazil, XRP Set For Major Boost In Price And Adoption

Ripple News Today – A while ago, reported that Ripple was making expansion plans to aid its global expansion aims. By creating new offices across the global, Ripple has proven that it is committed to reaching global adoption as soon as possible. This isn’t just good news for Ripple. It’s also good news for XRP. In our Ripple news today, we are going to talk about how Ripple’s new office in Brazil is going to foster the adoption of XRP and lead to a surge in the price of XRP this year and beyond.

Ripple News Today – XRP News Today – Ripple Opens New Office In Brazil

According to the Ripple news on Cointelegraph Brazil, Ripple has just launched a new office in Brazil as part of its expansion efforts. The Ripple news stated that the official announcement from Ripple will be made between the 11th to 13th of June in the CIAB Febraban Fintech and banking event that is scheduled to take place in São Paulo. The report also stated that Luiz Antonio Sacco would lead the new office. Sacco used to be the CEO of one of the subsidiaries of The Warranty Group.

Sacco joined Ripple a few months ago in March. At the time, he said that Ripple is making serious plans to bring more clients to the RippleNet network so that they would use its payment protocols, xRapid and xCurrent. He said that Ripple’s expansion plans aren’t limited to Brazil. The company intends to open different offices across the South American continent.

Right now, three major financial institutions in Brazil have joined the RippleNet network. These companies are Banco Rendimento, BeeTech Global, and Santander Brasil. It’s only a matter of time until more financial institutions within the country adopt Ripple’s protocol. This is going to create more awareness for Ripple and in extension, XRP.

Ripple’s plans for Brazil and the rest of South America goes beyond launching its payment protocols and increasing adoption. The company is also going to start hosting education programs to create more awareness about cryptocurrencies and blockchain technology. These programs will take place in most of the major universities in Brazil. Some universities on this list include Fundação Getúlio Vargas and University of São Paulo.

Ripple News Today – XRP Latest Update – Current Price Of XRP – XRP News Today – XRP Price Prediction 2019

The major problem XRP has been facing for a while now is that it hasn’t been able to reach mass adoption. While the technology is good, many people around the world still have no idea what XRP is. Ripple is targeting the unbanked parts of the world where people yearn for swift and affordable payment options. This is why they have decided to move their expansion efforts to South America. This move is going to help increase the adoption of XRP and subsequently boost its price.

XRP (XRP) Price Today – XRP / USD

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At the time of writing, the price of XRP was $0.400871. This means that it is down by 2.52% against the USD and down by 0.56% against the BTC. The trading volume over a 24 hour period is $1,729,963,828 and the market capitalization is $16,932,354,921. A surge in the price of the flagship cryptocurrency can see it move as high as $10 and even higher eventually.

What do you think about the XRP price prediction 2019 in our XRP news today? Will Ripple’s expansion to South America lead to a surge in the price of XRP? Share your thoughts in the comment section.


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