While some characters see Ripple as a body blow, the majority of people in the crypto community believe the firm is still on its way to becoming one of the most successful global payment solutions. Ripple has been noted for its large community, profound partnerships and, several significant developments and events.
Ripple’s XRP has faced a lot of criticisms and pessimistic views from analysts up until this time, where the entire cryptocurrency market has been struggling in most of the cycles.
However, XRP still finds itself in the conversation of the best asset to consider in the crypto market. There are many things concerning Ripple to argue about. Yet, in this article, we will talk about the most recent partnerships and events that have made Ripple to still maintain its position as one of the top payment solutions in the crypto space.
Ripple announced a strategic partnership with MoneyGram in June of 2019 that will enable the money transfer behemoth to leverage XRP in foreign exchange settlement as part of MoneyGram’s cross-border payment process.
Now, Ripple currently has countless things ongoing as its renowned partner MoneyGram has brought out a new instant settlement service and has also revealed that it will be expanding its use of Ripple’s remittance products.
Furthermore, there are plans to extend the Ripple-powered international payment system One Pay FX to Mexico by the Spanish bank Santander this year.
Ripple in March announced a donation of $200,000 to two non-profit organizations, the Silicon Valley Community Foundation and the Tipping Point Community in the fight and containment of the spread of the coronavirus in the United States. These and many more events show how Ripple is still dominating as a top payment solution. Per the CEO of Ripple, the aim is to become the Amazon of the crypto world by 2025.
Ripple is still developing and has what it takes to continue its quest to provide a fast, easy, and very cheap cross-border payment system. There is no doubt Ripple will eventually become the top payment solution choice. The current world crises might have done more harm than good, but as the market continues to grow, we wait to see what the future holds for Ripple.