Unlike many other digital coins, XRP was clear about its goals and kept the supposed users under no circumstance of confusion. Ripple kept its goal as simple as dominating the cross-border payment market on a global scale. The year 2018 has been a successful year for Ripple, ascending the second position by following its only goal. Ripple possesses whatever it takes to collect a share of the cross-border payment industry.

Hardships through which Ripple went to prove itself

Ripple, the Silicon Valley Tech Company has been constantly surging upwards without a looking back to its time when it was placed third. Even if Ethereum had managed to regain its age-old position by restoring XRP to its previous position in the first week of the year, it was merely short-lived. Ripple had seized the position right after Bitcoin against all odds in terms of market cap. More than once had Brad Garlinghouse opined that XRP is an independent asset from that of Ripple and that none of them is influenced by each other. This, he said in order to make the users understand that XRP is a cryptocurrency and not the security and vice versa. Ripple is said to possess about 60% of the total XRP that are in circulation. In fact, Ripple profited greatly because of the large portion of XRP in the company’s possession. The price of XRP increased greatly between December 2017 and January 2018 against the USD. This was because a large portion of XRP was being possessed by the company at that time. Ripple faced a lot of controversies about its relationship with XRP, especially from the investors who lost their investments due to the overall bearish trend of the market in question at that time.

Brad Garlinghouse utilized the occasion with an interview with CNBC to clarify the much-talked-about relationship between XRP and Ripple:

“During the bear market, the hype about the possibility of a new platform overtook reality. This is exactly what happened in the cryptocurrency space. Community members seem to have a religious fervour around the industry. This is a holy war we are fighting.”

Fields on which Ripple has developed to reach the second-most position

Firstly global money transfers can be completed within a matter of a few seconds which usually took a day or so. Ripple took to upgrade in the transaction processes so much so that XRP became the favourite digital currency for many. Moreover, the fast transaction system nowhere hints a risk of the leakage of personal data because of the use of cryptography. The fact that only the permitted parties can see the ledger is in itself a major shift from the traditional blockchain traditions.

On January 15th, 2019, XRPDarren, an XRP community member tweeted an official PDF from the Deutsche Bank official website domain that confirms that HSBC (2.5 trillion in assets) and Xoom are both Ripple clients.

Xoom being owned by PayPal, PayPal is indirectly working with Ripple. It has also been recently proven that the Indian government’s Information Research Security and Development Center is actually running a validator node on the XRP ledger. In a country like India where around 1.3 billion of the population resides, Ripple is definitely making active progress by entering here. Ashish Birla had previously informed that Ripple had about 50% payment market share in India in terms of clients signed.


XRP is currently trading at $13,420,651,211, priced at $0.327011 and a handsome circulating supply amounting to 41,040,405,095 at the time of writing. It is trading at a loss of 7.37%, Bitcoin is in red at the rate of 6.24% on a weekly measure.

Yoshitaka Kitao, CEO of SBI in an exclusive magazine interview said that:

“The top 20 global banks will be using XRP in 2019”.

Kitao commented in the past:

“There won’t be a bank in Japan not using Ripple.”

In the meanwhile, Ripple now has over 200 financial institutions leveraging the platform for payments. XRP posted:

“JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank will leverage the digital asset XRP to source liquidity on-demand when sending payments on behalf of their customers.”

Brad Garlinghouse’s stated:

“We also saw a 350 per cent increase last year in customers sending live payments, and we’re beginning to see more customers flip the switch and leverage XRP for on-demand liquidity.”

A total of 16 financial institutions will be using XRP and they are Moneygram, Western Union, BBVA, Mercury FX, Catalyst Corporate Credit Union, Caullix, Bittrex, Bitso, Coins.ph, Bitstamp, JNFX, Sendfriend, Transpaygo, FTCS, Euro Exim Bank, Viamericas and SBI Virtual Currencies.

This sharply stands against a statement made against Ripple made a year before which opined that no institution wanted to undertake XRP.

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