Ripple News Today – Ripple’s technology is one of the transformative innovations of the current era. While it isn’t the first blockchain based company, Ripple promises to solve many pressing problems in the financial sector and beyond. In our Ripple news last time, we talked about how the company intends to reinvent the cross-border payment sector as part of its overall goal to change how money is sent from one place to the other. Recently, the CTO of Ripple, David Schwartz talked about how Ripple will reinvent Amazon and Uber if either platforms ever decided to use its services. What would happen to Ripple and XRP if this happens?
Ripple News Today – XRP News Today – Ripple Will Change The Game For Amazon And Uber
Over the past few weeks, the performance of XRP and every other cryptocurrency has been poor. Anytime the cryptocurrency market takes a hit like this, the opposition from various bodies intensifies. While the use of cryptocurrencies as a globally acceptable means of payment and store of value is still seen as ridiculous because of the high volatility of cryptocurrencies, there are many use cases that haven’t been unfolded yet.
XRP (XRP) Price Today – XRP / USD
During the WeAreDevelopers conference which recently took place in Berlin, Schwartz talked about how cryptocurrencies can transform industry conduct and how XRP, Ripple’s flagship product, can revitalize the international remittance sector among other things. He said that Ripple intends to lower cost, and increase speed in the financial industry. These are two things that need urgent attention if there is to be innovation in the industry.
While talking about the transformative power of Ripple, he said the application of the technology by Amazon and Uber would be epic. If these two corporations decide to use Ripple’s XRP in their business it can facilitate faster transactions and make bank accounts potentially useless. Apart from Uber and Amazon, he also talked about AirBnB. Since these companies rely a great deal on remittance and perform millions of transactions daily, using a fast and cheap system would be highly beneficial. They will save money and also save time.
Ripple News Today – XRP News Today – XRP Future Forecast – What If Uber Amazon And AirBnB Use XRP?
XRP is ahead of Bitcoin and it has the potential to become the most sort after cryptocurrency on the future. The Ripple blockchain is faster and has more use cases that Bitcoin’s blockchain which is becoming slower everyday. The only challenge that Ripple is facing at the moment is global adoption. Getting institutions to sign up for Ripple’s technology isn’t easy. Also, as the flagship cryptocurrency, Bitcoin, has more credibility globally than XRP. So, even if there is hard evidence to show that Ripple is more efficient than Bitcoin, there isn’t enough hype to push forward yet. Besides, the poor performance of XRP hasn’t helped Ripple’s campaign over the years. Retail investors aren’t ready to risk their wallets on the odds that XRP will eventually be a globally accepted currency.
If companies like Amazon, Uber, and AirBnB start integrating XRP, this would lead to a surge in adoption of XRP. This, in turn, will lead to a surge in the price of XRP. Right now, there is no evidence to show that XRP will be adopted by any of these institutions. The only thing to do now is wait and see.
What do you think? Will the integration of XRP lead to a surge in the price of the XRP token? Share your thoughts in the comment section below.