In line with the bull run, the market surge and predicted future bull runs, we should look back at what has been announced by Ripple over the past month that could see the price of Ripple XRP sky rocket, plus could see further worldwide integration across the board of Ripples services.
Santander OnePay FX
The creation of Santander’s new cross border payment app, OnePayFX has been a looming announcement for some weeks now. Just yesterday, Banco Santander released a statement which confirmed suspicions that the app would use blockchain technology. This is what Ana Botin, Executive Chairman of Banco Santander had to say:
“One Pay FX uses blockchain-based technology to provide a fast, simple and secure way to transfer money internationally – offering value, transparency, and the trust and service customers expect from a bank like Santander. From today, customers in the UK can use One Pay to transfer money across Europe and to the US. In Spain, customers can transfer to UK and US, while customers in Brazil and Poland can transfer to the UK. Transfers to Europe can be made on the same day and we are aiming to deliver instant transfers across several markets by the summer. Our goal is to help the thousands of people who use international payments services every day, and we will be adding more currencies and destinations in the coming months. Blockchain technology offers tremendous opportunities to improve the services we offer our customers, and the launch of Santander One Pay FX is the first of many potential applications.”
OnePay FX uses xCurrent, a service provided by Ripple. With Ripple already on board, the next steps here are that Ripple XRP, the native currency to Ripple could be included as a currency for payment and transfers. The inclusion of this, would indeed sky rocket the value of XRP.
Recent announcements by Walmart uncovered the creation of Walmart2World, a MoneyGram payment transfer system. We already know that MoneyGram features in numerous Walmart stores as a physical entity and now powers the Walmart2World cross border payment platform. With Ripple’s integration into MoneyGram’s systems, it has been suggested that one day, Ripple and Walmart could partner up, integrating XRP as both a payment option for transfers within Walmart2World and of course as a physical currency for use in Walmart stores, again, if this happens, the value of XRP would shoot right up.
The Nilson Report
A partnership between global payment provider ‘Cambridge Global Payments’ and Ripple has seen the company use xCurrent and test xRapid for payment solutions within their platform. The Nilson Report discusses a mobile authentication platform for mobile network operators. The report states:
“Their Mobile Authentication Taskforce will begin trials for a more advanced version of Mobile Connect—one that will incorporate cryptography, device and behavior attributes, geolocation, and machine learning capabilities to enable their commercial customers to authenticate consumers when they use their mobile phones to access online accounts and make card-not-present payments at merchants. It will be interoperable with GSMA’s Mobile Connect technology.”
If indeed this technology is to integrate Ripples services, the increased interest in Ripple on the whole could have an affect on the price of XRP.
These are just a few of the numerous partnerships that Ripple has engaged in over the past few weeks, these partnerships, whilst not directly integrating XRP open up many new opportunities for the currency. This is recognised within the industry and as a result can help to drive up the value of currencies.
Moreover, pair this up with the current price surge, any developments within the Ripple community of this nature can only contribute to a positive rise in the price of XRP.
We aren’t saying this will be the case, but these things could have quite an impact.