“XRP Token Will Outrun Bitcoin”. The Number Of RippleNet Participants Exceeded 200
San-Francisco’s startup may become the largest blockchain project by capitalization in the near future, according to the analysts from WeissRatings analysts.
English bank Euro Exim Bank together with payment companies JNFX, SendFriend, Transpaygo and FTCS are planning to use XRP tokens to make trans-border transactions, report Ripple startup representatives. In addition, Ahli Bank, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND and Rendimento companies became participants of RippleNet network, the number of clients of San-Francisco’s blockchain project exceeded 200.
According to the head of the company, the firm finds 2-3 new partners daily. According to analysts of rating agency WeissRatings, XRP token may outrun Bitcoin and Ethereum in the near future and become the first cryptocurrency by market capitalization.
As the experts claim, payments networks, as a rule, are more precious for society than the store of wealth. That’s why expect that the payment networks like XRP will exceed BTC by market capitalization in the near future – maybe, not in 2019.
In the end of December, Kuwait’s National bank started to use one of Ripple’s products. At the moment, it is unknown which product it is about – xRapid or xCurrent, one of them requires the use of XRP token.