XRP will be the main direct FIAT/XRP trading pair on a major Asian exchange.
During a press briefing on April 26th, Yoshitaka Kitao, the president of financial services giant, SBI Holdings, confirmed plans for a full-scale launch of the 'SBI Virtual Currencies' exchange this summer, the first bank backed exchange.
SBI Holdings have been a long-time advocate and proponent of XRP, as one of the biggest investors in the Ripple company, with a $55 million stake, so they are very much incentivized to see XRP succeed and it's speculated that XRP will be the main trading pair on the exchange, which will include direct XRP/FIAT pairings with major currencies in Asia.
If there are fiat gateways on the SBI exchange, it will be absolutely huge for XRP, as this will create liquidity and market separation for XRP.
The majority of XRP traders and hodlers are in Asia, with an estimated 3.5 Million Japanese traders choosing XRP as their favourite. The chart below from Coinmarketcap confirms the influence of the Asian market on the price of XRP, with 3 of the top 4 based in Asia making-up a total of 39% of XRP trading;
It is indeed possible to see a price of $5 - $10 per XRP before the year ends and, looking at the charts for Ripple, we can see that it has already hit a previous ATH of $3.65.
Time is the only factor in this realization for XRP and it's one of those coins that when it starts to move, it really moves.
Such insanity to think this coin has any value. No one that will actually use the Ripple Blockchain tech needs to use XRP coin. I just do not get why people keep getting excited about it.
This would be great news for me I’ve got quite a bit of XRP and get on at 3 cents so a 5 dollar ATH would be absolutely amazing! What do you think about the coin burn and some of the coins being taken out of circulation because of new partnerships? It should drive up the price due to scarcity
I’m not sure how significant the coin burn actually is, because of the massive supply of XRP. I tend to think that adoption will be the main driver of XRP, as more partnerships come on board and those already on board migrate towards xRapid due to the increased savings it offers over xVia and xCurrent. Also the fiat gateways mentioned in my post will be a big driver of the price. Ripple is also looking at smart contracts for XRP.
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Such insanity to think this coin has any value. No one that will actually use the Ripple Blockchain tech needs to use XRP coin. I just do not get why people keep getting excited about it.
This would be great news for me I’ve got quite a bit of XRP and get on at 3 cents so a 5 dollar ATH would be absolutely amazing! What do you think about the coin burn and some of the coins being taken out of circulation because of new partnerships? It should drive up the price due to scarcity
I’m not sure how significant the coin burn actually is, because of the massive supply of XRP. I tend to think that adoption will be the main driver of XRP, as more partnerships come on board and those already on board migrate towards xRapid due to the increased savings it offers over xVia and xCurrent. Also the fiat gateways mentioned in my post will be a big driver of the price. Ripple is also looking at smart contracts for XRP.
Very well researched post. I think XRP has a bright future. I also agree...one of these days, it'll skyrocket almost overnight.
Agreed
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Feature any Steemit post using resteemit.com!
How It Works:
1. Take Any Steemit URL
2. Erase
https://3. Type
reGet Featured Instantly & Featured Posts are voted every 2.4hrs
Join the Curation Team Here | Vote Resteemable for Witness
Dear SIR @sandwichbill ,First of all, thank you very much for posting so beautiful, we generally have very little idea about Bitcoin, many of us do not know Bitcoin without working with Bitcoin,
SIR was very good for your posting, because you provided the right information through which many will benefit, thank you so much for posting so beautiful and will help others by providing such information in future.
After knowing some things then bitcoin should start working,
For example: ...... Bitcoin is the sign currency traded through the Open Source Cryptographic Protocol. There are no financial institutions, regulatory bodies, or fixed houses for Bitcoin transactions. All processes of Bitcoin are completed online through an open source software or through a web site. In 2008, Satoshi Nakamoto introduced this currency system.
So if you share some things with you please do not (-upvote) please, because by this I will get a lot of my rank rank #upvote please.