Banks to use Ripple: It is a sea of green on the crypto market today! Which, considering the past few weeks, is relatively nice to see. Bitcoin (BTC) may still be below the $8,000 mark, but Ripple (XRP) is up nearly 5%. You win some, you lose some, right?
In this article, we’re going to be looking at XRP price news, as well as generic Ripple news. Thanks to Brad Garlinghouse — the Ripple CEO, there’s a lot of the latter.
Ripple News | XRP Price News
Ripple (XRP) is currently selling for $0.67. This means XRP is up 3.50% in the past twenty-four hours.
Still, Ripple (XRP) is ranked as the 3rd largest virtual currency.
Ripple News | June 5, 2018 – More Banks to use Ripple?
It’s only Tuesday, but we have already seen a substantial amount of Ripple news surface this week. Yesterday, it was announced that Ripple donated $50M to Universities around the globe. Why? So that these post-secondary institutions can further their research and development in crypto and blockchain. 17 Universities, including MIT, received the company’s donation.
— Ripple (@Ripple) June 4, 2018
Moreover, it was also announced yesterday that the SBI Holdings crypto exchange went live and that the only digital currency currently being traded on the exchange is XRP.
Now, we have seen more Ripple news surface. Today, Brad Garlinghouse, Ripple CEO, once again spoke about Bitcoin and the future of XRP. These comments come less than a week after the Ripple CEO said Bitcoin is the “Napster of digital assets.”
Ripple CEO Talks Bitcoin (Again)
On Tuesday, speaking with CNBC, Mr. Garlinghouse stated that he believes around a dozen banks will be using XRP in 2019. A bold statement, but unrealistic? It’s hard to tell. The company definitely has a lot going on for it, innovation wise. On the market, XRP fluctuates with its success. However, with blockchain-based products like xCurrent and xRapid, it’s very possible traditional financial institutions will adopt these sorts of products.
Ripple Brad Garlinghouse Highlight From CNBC
— Bank XRP (@BankXRP) June 5, 2018
The crypto and payments startup has claimed many, many times that XRP has real-life-use cases. If a dozen banks end up adopting the digital currency XRP, then yes, the company is right: XRP does have real-life use cases.
The CEO also spoke of Bitcoin. Garlinghouse stated that contrary to popular belief BTC is not the “panacea” that will solve all of the world’s problems like people had initially thought.
What do you think of all the news this week? Do you agree with Brad Garlinghouse’s comments? Will banks be adopting XRP in the future?
Featured Image: Depositphotos/© shahurin