The Bulls are stirring this morning at the possibility of Ripple’s XRP token rocketing up to $10 before the end of 2019. What could make XRP increase 2000% over the next couple months? The possibilities vary from the integration of a new consumer payment platform, to the resale of the Codius smart contract platform.
One of the newest creations to hit the scene is the brainchild project of MIT, MasterCard and Ripple coming together.
What do you get when you take David Lighton of MIT, MasterCards financial backing and Ripples xRapid Ecosystem?
You get SendFriend.
The consumer payments platform, SendFriend, was developed in the MIT Media Lab with a team lead by David Lighton, in cahoots with Mastercard, with the goal of integrating with the xRapid Ecosystem.
If you are unaware, the xRapid ecosystem is an international cross-border payment system fueled by the XRP token. Transactions with xRapid are facilitated and verified within minutes.
SendFriend is currently focused on aiding people in the Philippines. The project is set to be released for public use later this year and aims to assist people that live there to effectively and efficiently send/receive money from anywhere in the world.
Lighton shared the follows words regarding how he believes this partnership will change todays payment sector.
“These are real-time settlements so we don’t have to do pre-funding, we don’t have to park money in the receiving corridor and then manage the foreign exchange risk. We can just do it one by one as the transactions go through.”
SendFriend at its core is designed to enable migrant workers the ability to easily send money to their families in an easier and more efficient way. While initial testing has yet to begin, hopes are high regarding this new application.
SendFriend has also won the MIT Media Lab Translational Innovation Alliance Award.
Codius Smart Contract Platform
The re-release resale of Codius is getting seasoned Ripple enthusiasts excited once again. Codius promises to give the Ripple blockchain the capability to utilize smart contract technology so that it can compete with Ethereum.
Codius, initially announced in 2014, is not new news. Codius was ‘cancelled’ back in 2015, but later on announced plans to relaunch Codius in 2017. 2017 saw no further news headlines regarding the technology. Now, November of 2018, Codius launch time is finally upon us with rumors circulating that the technology will launch before the end of the year.
Codius is set to be an extension of the current Ripple family, with the goal of further monetizing the web.
SBI Virtual Currencies
SBI Virtual Currencies, also known as VCTRADE, is the world’s first crypto-exchange that it completely owned by a bank.
VCTRADE is the combination of its parent company, SBI Holdings, and Ripple. SBI Holdings has been in partnership with Ripple for over two years now. The exchange platform was designed to focus strictly on Ripple’s XRP token, but has recently accepted Bitcoin and Bitcoin Cash onto their exchange.
This Ripple dominant exchange is what’s getting the bulls stirring this morning and leading the idea of skyrocketing Ripple Prices.
The CEO of SBI, Yoshitaka Kitao, has been very bullish on Twitter recently stating repeatedly that he believes XRP will rise to $10. The main cause behind his bullish actions is of course the SBI Virtual Currency Exchange.
The CEO of Ripple is just as enthusiastic at the potential rocketing price of XRP. Brad Garlinghouse is a firm believer that several banks will begin utilizing Ripple products in 2019 that will lead to an increase in value for Ripples token. The service Garlinghouse has the most hope for, is xRapid.
Will Ripple Reach $10?
While no one can predict the future with accuracy, common belief is that Ripple’s XRP will soon begin to climb in value. With SendFriend, Codius and VCTRADE all set to release publicly within the coming months, it’s hard to speculate that Ripple will not rise in value.
The demand for Ripple is almost sure to increase with the release of these new products.
Now may be the time to act bullish towards Ripple, as many investors are already taking action.