Bitcoin News

deVere CEO predicts big things for Ripple XRP as usage soars

XRP, currently the third largest cryptocurrency after Bitcoin and Ethereum by market cap, will gather momentum and its price is likely to reach the key threshold of $1.00 by year-end. And it could even be double that in 12 months’ time as adoption and usage soars, according to Nigel Green, Founder and CEO of financial services organisation, deVere Group.

“There’s been an immensely positive buzz regarding cryptocurrencies in the last few weeks, with the standout being XRP. I believe that whilst the crypto market, in general, will be primarily bullish between now and the end of the year, it will be XRP that will continue to gather the most momentum in this period,” he says.

Better than the rest

XRP will go on to gain more traction than many of its rivals because of its unique features, technologies and problem-solving capabilities. Many of these enable it to help businesses, including real estate and tech firms, to save money and speed-up and add more security to transactions. This is also why hundreds of financial institutions across the world are already working with XRP, a trend that is set to continue and grow, Green believes.

In addition, it has been cleverly positioning itself to become a leading international facilitator of global remittances and inflows. This is a huge and growing market, especially in the emerging economies of Latin America, Asia and Africa.

“Cryptocurrencies are the future of money and, clearly, XRP is proving to be one of the most useful cryptocurrencies for businesses, organisations and individuals. It can be expected to become a major player in the world’s shift away from fiat money over the next few years,” he concludes.

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.

Disqus Comments Loading...

Recent Posts

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

2 hours ago

The surge of Bitcoin NFTs: Everything you should know about Bitcoin ordinals

From digital art to real-estate assets, NFTs have become a significant attraction for investors who…

4 weeks ago

MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool

Singapore, Singapore, 21st October 2024, Chainwire

1 month ago