You can talk badly about Ripple in many ways, but Ripple will be a success as it looks.
News about cryptocurrencies was key in their rising valuations at the end of 2017. One after another, as media reported on cryptocurrency use cases, their values skyrocketed. In this world of use-case for crypto valuation, XRP was center stage at the end of 2017. As Ripple announced that Western Union, MoneyGram, and other financial entities were trial staging xRapid in their services, XRP spikes correlated and skyrocketed.
In the last few weeks, however, announcements from Ripple that XRP has gone live with Cuallix, the Mexican finance service, has passed successful trail stages with banks, and has been added to more and more worldwide exchanges has not brought the cryptocurrency the rise in valuation that it deserves. Wall Street investors however generally make decisions based on real-world validity of their investments—at least as much as can be perceived. The occasional QWEST Communications and Enron scams make their way into the mix, but they make their way because of news, however, fake that news might be.But XRP is no wooden nickel. It’s a cryptocurrency that is already being used in the finance sector, and has been confirmed for its success at bridging cross-border payments faster and cheaper by major financial systems.
If Wall Street is making its way back into the cryptocurrency world, look for XRP to be one of its shiniest rising stars, if not the brightest. With the Ripple team making back-to-back appearances at financial conferences and media interviews around the world, the news of XRP’s use-cases and long-term goals are finally being recognized and understood by the investment world. And the next few weeks may just reveal how strongly XRP is being perceived by Wall Street.
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