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Ripple: 6 awesome partnerships and 6 things to be excited about XRP

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Let's discuss 6 awesome partnerships made by Ripple so far. Also, we will introduce you to 6 things about Ripple about whom you should be excited.

Business support and new evolutions play an essential role in the success of any business. Every successful company has a massive list of partners. Especially for a startup or a company in a new domain, there is always a need for financial and market support. Also, if any business has to sustain in the market for an extended period, it must go on the development and try to bring better services to its customer. Ripple has already made a significant mark on crypto space. It currently occupies the third position as per market cap in crypto space. And it has become possible only due to some formidable partnerships and evolution in technique.

In this article, we will discuss six effective partnerships made by Ripple so far. Also, we will introduce you to 6 things about Ripple about whom you should be excited.

 

Six Awesome Partnerships by Ripple:

1. Partnership with Moneygram:

One of the top international payment services in the world, Moneygram partnered up with Ripple. The potential and blockchain technology of Ripple has not hidden anymore. Moneygram visualized this capability and started the hand of partnership towards Ripple. It was a fantastic offer for Ripple to widen its hold onto the market and hence, Ripple and Moneygram announced their collaboration in the crypto market on 11 January 2018.

 

2. Partnership with IDT and Mercury FX:

IDT and Mercury FX both are among the top global payment service providers. The crypto space was suffering from the problem of the slow transaction and then come IDT and Mercury FX, collaborating with Ripple. They announced their partnership on 24 January 2018. The main aim of this collaboration was to make the payment method of Ripple much faster than its competitors. This partnership was unusual for Ripple to expand itself.

 

3. Partnership with SBI Holdings:

After bagging two above great partnership in a single month of January 2018, another collaboration of SBI Holding with Ripple was announced on 30 January 2018. SBI Holding refers to the Japanese group of companies which are set to launch its own virtual currency, i.e., SBI virtual currency. SBI announced that it would use only Ripple blockchain within their system for starting their virtual currency. This partnership resulted in the spread of Ripple XRP in Asia and especially Japan.

 

4. Partnership with a series of banks in various countries:

We all know that without the cooperation of banks, it is tough to run any financial market. Even, crypto space indirectly needs the support of banks, and therefore, Ripple XRP is continuously making the partnership with various banks in different countries. It has already made collaboration with around 60 banks in South Korea and Japan and is working on the projects with the banks of China, Brazil, and India.

 

5. Partnership with LianLian International:

Ripple was aware of the role of the Chinese market in the enhancement of crypto space. China has already lifted other big companies like Amazon, eBay. Therefore Ripple approached LianLian Internationals to have a grip over the investors of this country. LianLian is the biggest payment service provider in China, and with the partnership of Ripple with this China-based company on 14 February 2018, Ripple introduced its global identity in the world.

 

6. Partnership with American Express:

American Express is a US-based multinational finance organization. It is one of the largest finance company throughout the globe. In November 2017, Ripple announced a partnership with American Express. The main idea of this partnership was to enable the American Express customer Of United States to send the non-card payment to the United Kingdom.  This partnership is one of the unusual move made by Ripple XRP.

 

Six upcoming exciting moves by Ripple:

1. The announcement of 11 More Universities to its Blockchain Initiative Program:

Ripple conducts regular workshops and program to increase the awareness of crypto and blockchain among ordinary people. It performs a Blockchain Initiative program at the university level to let the college students know about this technology and future place in the education system. It recently announced that it will add 11 more universities to its blockchain initiative program which are Carnegie Mellon University, Duke University, University of Kansas, Morgan State University, Northeastern University, Institute for Fintech Research, Tsinghua University, Cornell University, Georgetown University, University of Michigan, the National University of Singapore and University of Sao Paulo.

 

2. Partnership with Binance:

XRP was continuously trying to have a collaboration with Binance for a very long time in terms of making XRP a base currency for trading. Binance is a global exchange for cryptocurrencies, and with the following partnership with binance, Ripple XRP wants to have a great exchange system with itself. They have been successful in their mission, and currently, two cryptocurrencies are being traded with XRP as a base currency on binance, i.e., TRX and XZC. More cryptocurrencies will be added in the list in near future.

 

3. XRP in the Gaming Industry:

Many organizations are aiming their blockchain technology in gaming technology. However, none of them is so much global as Ripple is. Ripple XRP is aiming for the games that will be work on the XRP ledger. The gaming industry is still not so much shaken up with cryptocurrencies and hence, if XRP ledger based games are successful, it could act as a catalyst for both Ripple as well as Crytpo space. The planned year is 2019, so be prepared, who knows we can listen to an announcement regarding the same in upcoming days!

 

4. Testing of Ripple by Saudi British Bank:

The crypto market has not expanded much in middle east countries like the UAE. However, the cryptoanalyst recently heard relief news regarding it when Saudi Britsh Bank announced that they would be testing the Ripple. However, just testing doesn’t mean significant as per the financial perspective, but as per the business perspective, this means that now middle eas countries are now taking an interest in Ripple and crypto market. Even, Ripple Global Head welcomed this move by Saudi Britsh Bank.

 

5. Connection with NASDAQ:

NASDAQ stands for National Association of Securities Dealers Quotation Exchange. It is the second largest stock exchange in the world as per its market cap. Ripple has been planning to have a partnership with NASDAQ and to launch a platform in this area. Now, since Bakkt, a platform by world’s largest stock exchange is collaborating with bitcoin, we can surely assume the collaboration of two competitors of ICE and bitcoin, i.e., the partnership of NASDAQ and Ripple. And if it happens, it could surely help the crypto space to rise.

 

6. Use of XRP by SendFriend:

SendFriend came into the news with the news of having a fund of $1.7 million from various big companies such as Barclays, 2020 ventures. It is the next-generation remittance service and one of the fast way to send money. However, the news boosted up ripple and crypto space when Sendfriend announced to use XRP as a medium for cross border payments. It is working actually for the transformation of US dollars to XRP to PHP. If it happened in the future, it would sure help the ripple and crypto space to rise once again.

#Ripple

Ripple Donating $1 million to Tipping Point

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Ripple is planning to donate $1 million to Tipping Point. According to its website, Tipping Point is an organization that fights poverty in the Bay Area.

Ripple is planning to donate $1 million to Tipping Point. According to its website, Tipping Point is an organization that fights poverty in the San Francisco Bay Area by identifying and investing in promising interventions. According to Ripple’s blog, around 75% of people in the world are poverty driven and are unbanked.

Tipping Point:

Tipping Point is an organization that helps the poor and needy people around the San Francisco Bay Area. The organization has already raised more then $250 million and the amount is being sued on things like employment, education and housing for the poor.

 

Ripple keeps itself involved in charity events. Earlier, Ripple started an initiative called ‘Ripple for Good’ for supporting educational and financial inclusions of people around the globe. Ripple had donated $100 million dollars back then.

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Ripple: XRP OTC Trading on Houbi Exchange

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Houbi announced its OTC trading for Ripple XRP. Houbi OTC is a peer-to-peer crypto trading platform provided by Houbi Global.

Big news for over the counter trading for Ripple XRP came on March 6, 2019, when Huobi announced its OTC trading for Ripple XRP. Huobi OTC is a peer-to-peer crypto trading platform provided by Huobi Global.

 

As per the CEO of Huobi Global, Livio Weng,  Huobi OTC is an effective solution for trading in this crypto trading ecosystem. The addition of Ripple XRP would surely a major step for the extension of this over the counter service.

 

Huobi OTC is one subsidiary of the Huobi Global. It completely aims at over-the-counter trades of cryptocurrencies. It provides a platform where you can post an advertisement for buying/selling cryptocurrencies on it. Thus, you can buy as well as sell these digital assets and complete your transaction with some third party by exchanging cryptocurrencies with fiat currencies.

 

Huobi is one of the leading cryptocurrencies exchange in the crypto market and occupies the 8th position as per market volume and has a total market volume of $715 million today. Apart from the introduction of Ripple XRP in its list of OTC trading, Huobi OTC also supports many other cryptocurrencies for its OTC trading. Bitcoin, Ethereum, EOS, USDT etc are some of the other cryptocurrencies who already are being traded OTC using Huobi OTC. It would be interesting to see what impact does this OTC trading offer to the current bear run of Ripple XRP.

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Analysis: Is XRP a security? What if XRP is deemed a security?

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If XRP is proved as security it will have a major impact on the entire crypto community. Investors should be prepared for a price shock.

XRP coins are pre-extracted and their decentralized nature is a matter of open discussion. Brad Garlinghouse, CEO of Ripple Labs, thinks that XRP is not a security coin and says: “I think it’s very clear that XRP isn’t a security. Garlinghouse defended the decentralized nature of XRP, stating that the existence of XRP does not depend on Ripple Labs. Ripple has never claimed that the price of XRP will rise, so there should be no expectations of the profit that XRP buys. Garlinghouse went on to say that if Ripple does not work, XRP will continue to function ( something that the CEO of Ripple has said over and over again ) Garlinghouse finished saying that the XRP is not a security and that XRP is different from Ripple.

 

Is XRP a security?

Many market players see the Ripple ( XRP ) as a centralized business front towards the cryptocurrency revolution.
Ripple, a private company, only uses XRP in its xrapid product and owns a considerable number of XRP coins.
Yes, users are payment processors, and banks focused on the xrapid Ripple’s product, which actively uses XRP.

The creators of the XRP Ripple Labs have been stifling the charge for a while, tearing it apart like an annoying bug. In 2018, Ripple Labs began to try to co-opt the story around the creation of XRP and the relationship between “Ripple” and “XRP” to dispel the idea that XRP is a security token.

In the past, Ripple, the company behind the XRP coin, has focused on persuading everyone that it is not a security.
While XRP can be purchased in transactions that have nothing to do with Ripple, it is important to note that about 80 percent of the XRP is in the hands of the Ripple company.

 

What if XRP is deemed as security?

If XRP is proved as security it will have a major impact not only on itself but on the entire crypto community. If XRP is legally recognized as a security in the United States, the company will be included in its ‘shareholders’ and the ownership of XRP will represent ownership of the company.

For investors in XRP, be prepared for a price shock if the SEC gives a ruling on the enforcement authorities against Ripple. Nevertheless, there has been much speculation about whether XRP becomes security; its value will be at the bottom. In Future, if XRP is classified as a security, Ripple should provide the owner of each coin a share of the company.

Ripple does not guarantee investors that the value of XRP will rise after the acquisition of the coin. However, XRP is a cryptocurrency designed for value exchange, and it is likely that other authorities will not classify it as a security.

Currently, purchasing XRP does not give you shares in the company. Ripple does not determine the price of XRP.

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