There are many options to choose from to note out the latest success and development that Ripple Labs’ XRP has experienced, but one actually being a teaser has shook the crypto-verse. Founder and current CEO Brad Garlinghouse mentioned how a major wave of institutional investors is going to step-in in the third quarter of the year.
“One of the things I will tease for a future announcement within the Q3 market reports, which we always share…where we see institutional participation in buying XRP. Q3 will definitely be a record of institutional participation in buying and interest in holding XRP.”
However, the ones that are already buying the token are not impacting the price because they are purchasing the speedy coin via OTC or Over the Counter instead of a normal exchange.
XRP’s Current State
The very positive wave of feeling around Ripple’s token, especially lately, XRP started with David Schwartz – Chief Technology Officer at Ripple continuing to post and respond on twitter and Ripple‘s website about the project and the decentralization of the ledger.
“Bitcoin and Ethereum are currently viewed as the gold standard for decentralization…
Since these blockchains are considered decentralized, then by design, the XRP Ledger is also — if not more so — decentralized than both Bitcoin and Ethereum.”
The smart yet often criticized PoW protocol that runs on Ethereum‘s and Bitcoin’s network was praised while noting out issues by the CTO. Mr. Schwartz mentioned how by time various miners can control the system significantly making it more centralized that you want it to be.
The speedy network has been praised for its technological achievements by Weiss Ratings many times via their social channel Twitter. The often mentions do showcase one feeling of recommendation and the low prices for the moment could be a golden opportunity to step in.
We think that the #XRP is the fastest digital asset to transfer funds between exchanges. It only makes sense for #Binance to use it as the base #currency – why should one have to go through an intermediary currency to trade? #crypto #btc #altcoins
— Weiss Crypto Ratings (@WeissCrypto) August 10, 2018
With the team working hard on hoisting the decentralization of the coin while highlighting out that XRP is not a security, exchanges are attracted more to list it which directly will bring more buyers in the game.
The Ripple company plans on integrating all of Ripple’s software products of #xVia, #xCurrent and #xRapid into one convenient solution known as Convergence. It looks like a complete solution aimed at the banks to push the #XRP token on them. Maybe they’ll bite? #crypto
— Weiss Crypto Ratings (@WeissCrypto) August 20, 2018