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Ripple News Today – Ripple’s Role in the Future of Digital Payment Will be the Game Changer for the XRP Token – September 14th, 2020

  • Ripple XRP is the Future of Digital Payment As it Has the Technology and Infrastructure to Power Through
  • Ripple is Working Hard With Regulators to Get the Green Light They Need
  • Ripple XRP Gains Stability Above the $0.24 Level

Ripple News Today – Ripple has always had the goal of revolutionizing the global financial system. While there are other blockchain firms with the same goal, Ripple already had the infrastructure and technology required to take the lead in digital payments. The only thing lacking is regulatory clarity and the company has been working hard to ensure that all their Fintech products are regulatory compliant. The blockchain firm is currently the fastest growing cryptocurrency payment service provider in the world but a lot of its work depends on working with banks and other financial institutions. Despite all the progress Ripple has made so far, there are still many financial institutions that are conflicted about abandoning the legacy system and integrating Ripple. Their biggest fear is that Ripple isn’t regulatory compliant and they don’t want to get into any trouble.

Ripple News Today – Ripple and the Global Digital Services Industry

Ripple partners are part of the RippleNet conglomerate. All these companies under the RippleNet umbrella believe in the future that Ripple is trying to build. Last year, the CEO of Ripple, Brad Garlinghouse, said that the firm will see a massive influx of banks signing up to use its cross-border payments infrastructure. While over 300 firms are using RippleNet, most of them are financial services firms and only a few are banks. Garlinghouse recently said that the slow adoption of the company’s services is primarily due to a lack of regulatory clarity. However, he acknowledged that they are working hard behind the scenes to ensure that all their services are compliant. If their plan works, Ripple will take the lead in the digital revolution that is threatening to make fiat obsolete.

XRP (XRP) Price Today – XRP / USD

Ripple and the XRP token have been under a lot of fire lately and they have faced major criticism because they have been unable to fulfill their promises. The negative price action of the XRP token over the last three years has been discouraging. However, there are still many people and firms that have faith in Ripple. In a recent Twitter post, the popular cryptocurrency analytic firm, CryptoWhale, talked about Ripple and how their transparency will make them a favorite of the government. In his words;

“Many criticize XRP for being ‘too centralized’, although this transparency is what governments like. While other projects are focused on getting a quick batch of new investors to exit scam, Ripple has quietly been working with government agencies to ensure compliance.”

In other news, the price of the XRP token is still struggling against the USD and Bitcoin BTC despite the current stability around the $0.24 level. At the time of writing, the price of the token was $0.243126. This means that it is down by 2.50% against the USD and down by 1.58% against Bitcoin BTC. The trading volume over a 24 hour period was $1,902,614,659 and the market capitalization was $10,943,419,212.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

Source
Smartereum

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