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Ripple is on the right path to success

XRP de Ripple sigue ganando impulso

 

Ripple
The firm Ripple Labs continues to make alliances with large financial entities

The firm Ripple Labs continues to make alliances with large financial entities, and Brad Garlinghouse, the CEO of Ripple explained today why XRP is gaining so much momentum.

The truth about the Ripple system is that it continues to unite strong names in the financial sector and this is what makes it so successful.

Ripple alliances in recent weeks

Ripple CEO Brad Garlinggouse revealed 20 new deals with companies, and this comes after Ripple Labs achieved a record in the first quarter of 2018.

One of Ripple’s new partners is the largest bank in the Middle East (National Bank of Kuwait). This bank was associated to be able to use the xCurrent platform, with this platform the Kuwait Bank will be able to make international transactions quickly and at a very low cost.

Also joined in recent weeks Kuwait Finance House, is the second largest bank in Kuwait, this joined the Ripple Net system.

Two financial companies, InstaRem that belongs to Singapore and BeeTech of Latin America, also joined in the last weeks, both companies according to the CEO of Ripple adopted Xcurrent and Xviaco.

These companies join outstanding clients that Ripple has, including Banco Santander, the Bank of Tokyo and American Express among others.

In an interview with CEO Brad Garlinghouse on CNBC, he was asked about the differences between Bitcoin and XRP. The CEO replied that he sees a place for both technologies since they are totally different, according to him, “it is early to see a rational market, however the market for cryptocurrencies will become much more rational, it is a matter of time”.

Brad Garlinghouse also spoke about the current controversy that Ripple Labs has, in which some investors are suing the company for stating that XRP is not a digital currency, but a security title, the CEO answered “If you are the owner of XRP, he does not own the rights to the profits or dividends of the company XRP has a real utility “.

At the moment, Ripple’s XRP is one of the largest cryptographies in the world, and the applications and partners that Ripple has managed to convert it into one of the most influential cryptocurrencies in the world.

The success of Ripple will unleash a definite growth of the currency in the near future, in the last times it had a great popularity thanks to its network of fast transactions and to low cost, ideal for financial entities and for a society that looks for a safe digital currency.

 

 

 

 

 

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