Heard an interesting bit of information in regards to XRP today.
Apparently, one of the largest service companies in Japan, SBI Holdings will be lauching their own cryptocurrency exchange called SBI Virtual Currencies. They stated they will be using XRP exclusively, as it's only digital asset on their platform. This is significant because a subsidiary of the company known as SBI Securities, controls over 4 million brokerage accounts, all of which will have immediate access to the exchange.
If this proves to be more efficient in terms of transaction speed, I can definitely see other exchanges (i.e coinbase, gdax, binance) to begin using XRP as a digital asset as well. After all the volatility and processing times that comes with a Bitcoin or an Etherium have definitely caused some traders to miss out on some of the prices they target on altcoins. XRPs transaction speed alone greatly could reduce those instances.
What do you guys think? If nothing else, it's a glimmer of sunshine on the horizon for us long term XRP Hodlers.
It's a good thing. Few cryptos have gotten actually get tested in a real commercial setting, and it's a good test for XRP.
XRP will win or lose based on whether banks, currency exchanges, and international business use it. If they see value in holding XRP, this thing will be huge. Potential a $2 trillion per day fiat moving around the world plus an untold amount held as "store of value." If they don't see value in XRP, Ripple network may still become the international "go-to" but XRP will be useless. Banks will either create their own blockchain solution or use another token, then interface with Ripple network to transact.
If you're interested in a good video explaining the difference between XRP and Ripple, check out the Yahoo! Finance coverage: https://finance.yahoo.com/news/ripple-xrp-everything-need-know-164535965.html