Can Ripple (XRP) Become the ‘Microsoft of Crypto’?
Ripple (XRP) is on the path to becoming the “Microsoft of crypto,” according to a bold statement made last Tuesday by Phillip Nunn, CEO of The Blackmore Group and Wealth Chain Group.
Ripple has been undoubtedly the center of some of the hottest debates throughout the crypto community during the past few years. Even though many see Ripple as a coin that is much faster, cheaper, and more convenient than Bitcoin, others think that it is destined to fail due to a number of reasons, namely the enormous amount of XRP held by the company, Ripple. The convenience and wide usability of XRP has become increasingly prominent – especially over the past few days – as the news of xRapid going live went viral across all cryptocurrency news outlets. Shortly thereafter, a considerable number of major companies announced that they are going to test drive xRapid including IDT, Mercury FX, Currencies Direct, and Cambridge Global Payments.This has urged Wealth Chain CEO Phillip Nunn to change his position on Ripple, justifying his brand new position to his Twitter followers by tweeting:
About Ripple's (XRP): Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa. XRP's five-year track record of stable technology and governance makes it ready for institutional and enterprise use.
Ripple’s (XRP) can be bought with fiat dollars, debit and credit cards on cryptocurrency exchanges such as CEX.io and Changelly.com and it can be bought with cryptocurrency on exchanges such as CoinEx, Binance, and HitBTC.
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