The price of cryptocurrencies has been low and stagnant for some time now. However, people who invest in cryptocurrencies like BTC, Ether, LTC, Tron, Neo, etc. all believe they have the next big digital asset that is poised to breakout. For cryptos like XRP, however, what is it that makes this digital asset so unique and its investors very smart?
Lots of investors look for history books or excellent blockbuster news that will put Ripple on the front-line to only assure them that Ripple (XRP) will be successful. Well, in the cryptocurrency-market things don’t work that way; instead, you need to take a look at the general principles as well as the basics to guide you on how to know if the XRP token will invariably be successful.
Ripple meets with banking industry members in Dubai next week – What does that mean for XRP?
As we know, Ripple (XRP) is a blockchain platform that is dedicated to using its technology to solve problems that banking systems face daily. Ripple (XRP) is poised to make cross-border transactions easier and faster.
Ripple is said to meet with its banking industry members in Dubai next week to debate on the incorporation of RippleNet as well as xCurrent. Its important to note that RippleNet and xCurrent are already adopted in a network that comprises more than 100 banks globally.
We should also anticipate the meeting to discuss Ripple XRP token since XRP is the easily the company’s most important tech.
Ripple’s team published a post on their official blog, which features some interesting facts:
“The decentralized network of banks across the world is over a hundred strong. Next week in Dubai, members of the network will meet in Dubai, members of the network will meet to forge new connections and discuss how they use Ripple tech”
Ripple, through its PR, made further emphasis on why such meetings are crucial for the regional banks:
“For regional banks, events like these provide critical opportunity to create relationships which open new remittance corridors.”
Lots of rumors have emerged from cryptocurrency enthusiasts that the conference in Dubai will increase Ripple adoption on various businesses to make cross-border transactions more natural and faster.
Other supporters further said that the meeting would also facilitate the use of xRapid platform based on the Ripple (XRP) cryptocurrency.