Why Investors Believe XRP Is the Best Product for Global Payments
2022.07.01 15:15
Why Investors Believe XRP Is the Best Product for Global Payments
- Many Ripple (XRP) fans believe that XRP is the best product in the market when it comes to global payments.
- Ripple recently announced their CBDC Innovative challenge.
- Ripple user Airwallex has announced the launch of its international payment service in New Zealand.
Many Ripple (XRP) fans believe that XRP is the best product in the market when it comes to global payments. This is mostly because they believe XRP is faster, cheaper, more scalable, and more sustainable than any other digital asset in the market today.
Fans also believe that XRP could change the lives of billions around the world no matter if they are banked or unbanked.
Ripple is also exploring some new innovations in the crypto space as Ripple recently announced their CBDC Innovative challenge, which will allow programmers to create applications capable of running on the XRP Ledger and supporting retail CBDC.s interoperability and financial inclusion.
Another venture that adds to the positive outlook on XRP is Airwallex’s launch of its international payment service in New Zealand. Businesses in New Zealand will now have access to Airwallex’s global payment services, which provide a quicker, more affordable, and transparent substitute for conventional banks.
Some analysts believe that this expansion to New Zealand could be very beneficial for the XRP price. Analysts believe that it could cause XRP to jump by up to 20%. A further continuation of the upward trend for Ripple could push the price to $0.42.
XRP/TetherUS 1D (Source: CoinMarketCap)
According to data from CoinMarketCap, XRP is currently trading at $0.3164 after a 1.05% increase in price over the last day. In terms of 24-hour trading volume, the crypto is up 35.18% and is currently standing at $1,519,294,036.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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