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Ripple Swell Conference 2018: 101, In Depth

In Ripple Swell Conference 101 we analyze the impact of Swell 2018 on XRP. Prognosticating the consequences of Ripple Swell C
In Ripple Swell Conference 101 we analyze the impact of Swell 2018 on XRP. Prognosticating the consequences of Ripple Swell Conference 2018.

Prognosticating the consequences of Ripple Swell Conference 2018

Who is holding the Ripple Swell happening today?

The economic centered flagship event, Swell, is initially hosted by members of Ripple. The event is predominantly concentrating upon bringing together some of the world’s leading payment systems protocols and technologies for a better future of the financial field. It is interesting to know that the keynote speaker for the two-day event, being held on October 1st and 2nd of 2018 is the former US President, Bill Clinton. Gene Sperling, the former economic advisor under the administration of Bill Clinton and Barack Obama would accompany him at the event. The event would also concentrate on discussing various hindrances that they encountered on their way of initiating, a globalized payment system, based on the Blockchain Technology.

Where is it being held?

The event is being held in the hometown of Ripple, which is California. It is specifically dedicated to the development of payment systems even further. The event has attuned the interest of many people all over the globe, along with investors and various other payment service providers. The event would also be featuring the American Rock band cum a Grammy award nominee, Counting Crows. The schedule is quite attractive, as the breakfast follows the keynote speech. The overall intention of the event is to bridge the gap between the current outdated financial system and the future of payment methods.

Who all are attending it?

The event would be overflowing with many technological and payment system providers. The sole reason, Bill Clinton was chosen as a keynote speaker, was due to his intentions of leading the world towards a better financial status. Various payment providers around the world are to attend the flagship event. They even pointed out, at the support, Ripple Labs received from the Blockchain Technology, as they levitated the transactions to be processed in a way, the current generation process processes information. The event would also be concentrating on ways, to innovate without tampering the fundamentals of the financial economy. All the invitees, attending the event we get an opportunity to directly interact with the president, Bill Clinton or CEO of Ripple, Brad garlinghouse. This can be viewed as an opportunity to make the best use of the event, to interact with the CEO.

How does XRP get affected by this meeting?

Any development in the cryptocurrency domain indirectly has a negative or positive impact on the respective cryptocurrency prices. Therefore, Swell, which is directly hosted under the jurisdiction of Ripple, would have an affirmative reaction in the prices of XRP. The Ripple Labs has previously collaborated with major financial institutions which include Centralised banks of various countries too. This event is an excellent achievement by Ripple and a checkpoint towards the incorporation of Ripple by more payment providers and users, in general. With the inception of XRapid payment system and Swell flagship event, the prices of Ripple are to reach skies, according to experts.

Is Ripple going mainstream?

Citing the significant advancements being undertaken by the Ripple Labs, concerning the incorporation of Ripple protocol by more and more banks and Financial Institutions across the world has rendered XRP to become a standard for the Global Payment transfers. The XRapid which was recently unveiled further provides solutions to connect with banks. Therefore, dozens of new banks are expected to join the trend. Although many cryptocurrency enthusiasts assume that Ripple acts as a catalyst in featuring Bitcoin as a mainstream cryptocurrency, significant advancements concerning Ripple doesn’t seem to be relating with it. Long story short, one can assume that Ripple is going mainstream.

Is Ripple going to overtake Bitcoin?

The question is quite a difficult to answer. A fierce competition is expected between the world’s largest cryptocurrency and one of the best payment settlement systems across the world. Currently, Ripple has been dethroning Ethereum consecutively due to the developments in its payment systems. But taking over the first place is quite challenging. According to statistics, by the year 2022, there are chances of Ripple over taking Bitcoin as Bitcoin wouldn’t be able to meet the requirements and Ripple would be satisfying the needs of the time. Predictions in the Crypto market is highly based entirely on assumptions, therefore, no predictions done here must be considered as a word of Bible.

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