Uphold is a major cryptocurrency bank that allows someone to buy and hold their Ripple token for no transaction fee.
The Ripple token can be converted into 7 other major cryptocurrencies and 23 fiat.
The London Block Exchange is the only crypto exchange in the UK. Due to the importance of the exchange, by adding Ripple to the roster its price is set to increase.
Ripple is already being used as a payment system by two major American banks and a German bank. Netherlands Central Bank has shown interest in Ripple’s system and will be using XRP. Ripple is the most suitable payment system they can use because of its efficient payment protocols.
When Ripple first started it partnered with Western Union and the two parties have been working together to create a solution to fast transactions since. The product of their partnership is the Western Union App which uses Ripple’s extensive network, so users can send funds across the world.
The service runs all day everyday and allows for funds to be transferred with ease (securely). The app has gone live and will prove to be a great use of Ripple. This in turn will bring the price of the XRP token up and will ensure Ripple stays afloat.
Ripple is making waves in the finance world with its collaborations with major financial brands.
The main reason why Ripple price has not shot through the ceiling is due to the payment settlement software created by Ripple, so XRP coins don’t have to be used. Although, investors in Ripple realize that the future will see a boom in Ripple price.
Arguably, now is the best time to purchase the XRP token due to its cheap price, over the next few months it will be a crucial time for Ripple to prove itself in the market.
Guest Post by Cameron Batt