Should you buy XRP after Ripple partners with SBI Remit?

Silver Ripple coin among stack and piles of silver coins. Copy space on the left. 3D rendering

Ripple (XRP) is one of the oldest and most valuable cryptocurrency projects in the world, and now could be a good time to buy the news after it partnered up with the Japanese money transfer firm, SBI Remit.

Having already partnered with major financial institutions like TransferGo, Santander, Azimo and Nium, SBI could help launch the company’s initiative to make transactions between Japan and the Phillippines easier. XRP will be launching the very first on-demand liquidity (ODL) offering in Japan, with SBI representative Nobuo Ando stating:

“The launch of ODL in Japan is just the start, and we look forward to continuing to push into the next frontier of financial innovation, beyond real-time payments in just the Philippines, but to other parts of the region as well.”

This article discusses what this development could mean for XRP, while also explaining the basics of the platform should you want to invest in Ripple. Before we get into any of that, check out the section directly below for our list of the two best places to buy XRP in the UK and worldwide.

How & where to buy XRP online

To buy XRP online, click on one of the links below, fill out some basic info, sign up, then deposit funds into your newly created account. After this is done, simply select the number of XRP tokens you want to buy and execute your transaction.

Here are the two best platforms to buy, sell and trade Ripple’s XRP coin right now:

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What is XRP (Ripple)?

XRP (created by Ripple) is a cryptocurrency that is designed to make cross-border payments easier, faster and more secure. By doing this, it intends to solve the issues associated with slow, traditional banking systems.

What impact could the SBI deal have on the price of XRP?

All in all, this is clearly a positive development for XRP, perhaps simply because it will lead to an increased demand for XRP tokens. In addition, it also serves as evidence that Ripple’s payment system – RippleNet – works effectively.

This is rather timely positive information given the project’s ongoing lawsuit brought against it by the Securities and Exchange Commission (SEC), who allege that Ripple Labs misled investors when it held its token sale, while also failing to register its capital raising venture with the Commission.

Ripple’s foray into the Southeast Asia market now appears to be gathering momentum, with the SBI development coming just a few months after Ripple acquired a stake in leading Asian fintech, Tranglo. Having hired a managing director for the Southeast Asia region, XRP could be set for significant price accretion in the coming months, so make sure you keep one eye on the latest developments, especially those pertaining to the lawsuit.

Should I buy Ripple (XRP) today?

If you feel XRP’s Asian venture can generate value and initiate a token price surge, getting in now could be a good move.

You need to be cognisant of the risks, not just of investing and the innate volatility of cryptocurrencies, but also of Ripple’s ongoing legal dispute. If you have conducted due diligence and feel XRP is a project you believe in, now seems as good a time as any to buy some.

Ripple price prediction 2021

Our XRP price prediction for this year is as follows: we forecast up to $1.07 this year, around $1.25 next year, and as much as $2.50 within 5 years.

Social media coverage of $XRP

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The post Should you buy XRP after Ripple partners with SBI Remit? appeared first on Invezz.

Publication date: 
07/28/2021 - 14:13
Disclaimer

The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.