XRP-powered xRapid to be used by “major banks” by EOY according to Ripple CEO: A deeper look into the statement
Opinion: XRP enthusiasts have been waiting for a bullrun of the coin as soon as it was announced that Ripple’s product utilizing it, known as XRP, was in production. This is due to the general idea that the use of the product will result in an increase in the price of the asset, which has led to a general sense of suspense in the community.
As the end of the year draws close, it becomes clear that some theories, such as the “XRP $589 EOY”, are not going to come to fruition. Even in this example, a hike to $589 would require the current price to increase by 168185% in just the next month. While such theories are clear to not occur, there is one thing that XRP HODLers can look forward to at the end of the year.
In an interview earlier this year, Brad Garlinghouse, the CEO of Ripple stated that at least one major bank will use xRapid as a liquidity tool by the end of this year. He stated:
“By the end of this year, I have confidence that major banks will use xRapid as a…
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