Summary
Ripple announced their xRapid product is being used by three companies.
Greater acceptance by mainstream financial institutions means opportunity for increased price gains.
Volumes on exchanges continue to top the markets with daily coin trades measured in hundreds of millions.
A very long time ago; several years, in fact, a friend very connected into the tech world convinced me to get involved in cryptocurrencies. The technology was nascent at the time and, honestly, I had never heard of it. Nonetheless, he was adamant I get involved in Bitcoin (BTC-USD) and insisted I do it immediately. He never insists on me doing anything within finance since I am the one who works in finance. Along the way, that investment worked out and I learned a few things. The same friend told me later to do the same with another fledgling currency: Ripple (XRP-USD). Without any hesitation, I did as ordered, but, honestly, never even bothered to read the fine print. His first prediction worked out famously; I had nothing to lose with the second one, Ripple. I want to diversify my cryptocurrency basket, so over the past many months I have been feverishly reading up on as many cryptocurrencies as I can. I like some. I love others. Ripple is one that I love tremendously, and it is not because of the fact I've had a decent ride on my purchase. Besides, my friend says he doesn't even really bother with Bitcoin anymore and is going all in with Ripple. Nonetheless, I am adding more XRP into my basket and here are some of the reasons why.
Great article over at Seeking Alpha by D. H. Taylor, link below.
https://seekingalpha.com/article/4209675-ripple-adds-customers-driving-price-higher