What's the reason for the growth of Ripple? Three main theories
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Last week the Ripple rate increased by 140 percent, and September 22 to 63 percent for the day. Briefly, the capitalization of the coin ahead of the rate of Ethereum and became the second value of currency in the market. Later, however, the coin lost ground and is back in third place. To understand what could be the reason for the growth.
theTheory # 1: start xRapid
XRapid is a blockchain platform that will expedite cross-border transactions and to facilitate the access of financial institutions to the cryptocurrency. They do not have to work directly with the token XRP, so the product should result in a new niche of investors.
The Company hopes to use it to create a core financial system. After testing the platform to send payments between the U.S. and Mexico in may was found that transaction costs decreased by 40-70% and the transaction rate was reduced to two minutes.
I'm sure in the next month or so you will hear good news about the launch of the production version of the platform xRapid — said in mid-September, the Director of Ripple on regulation in the Asia-Pacific and middle East regions Sagara of Serbia.
theTheory No. 2: RippleNet joined PNC Bank
On September 19, one of the 10 largest U.S. banks, PNC, announced the integration of network RippleNet into their systems for processing international payments 8 million customers.
Senior Vice President of product management at Ripple Ashish Birla stated that the decision will allow Bank customers to make payments almost instantly.
thePNC is one of the first major American banks, which uses blockchain technology to optimize payments within the country and abroad.
Theory No. 3: Ripple vs SEC
Another reason — oddly enough, looming over XRP threat from the securities and exchange Commission (SEC).
In particular, the SEC may after Bitcoin and Ethereum to recognize the Ripple asset, not being a security. Given the fact that after such a decision by the Commission the first two coins has grown dramatically, it is not surprising that XRP followed their example.
If you Hdlite XRP and managed to make money on the pampas? Brag responses .
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