Ripple continues to impress the world with its high-quality and reliable technology for the transfer of funds. Ripple technologies are extremely reliable and effective for the specified purposes. Ripple projects are really quite significant in terms of sending money abroad. Various structures are implementing or plan to implement Ripple ideas. For example, rumors are continuing about liquidity testing on demand from Ripple by Binance, based on XRP transfers to Mexico and Japan. GoLance also very positively evaluates liquidity on demand from Ripple, noting its high profitability and usefulness for freelancers. Thus, Ripple is actively gaining momentum. Further promotion of Ripple depends on a number of events. So, the head of the Mexican exchange Bitso Daniel Vogel praised Ripple XRP, the Japanese bank SMBC invests in MoneyGram and in the US Congress mentioned XRP.
Ripple continues to impress: Bitso chapter score
Ripple XRP was praised by Bitso CEO Daniel Vogel. In a recent episode of the Unqualified Opinions podcast, Bitso CEO paid much attention to the Ripple XRP asset. Bitso CEO Daniel Vogel emphasized that Ripple can live up to the incredible expectations that they place on the adoption of XRP. Daniel Vogel explained that the Mexican crypto exchange uses XRP to receive $ 35 billion in remittances that go through the US-Mexico border every year.
Working with the American company MoneyGram and working on the transfer of funds from the United States to Mexico and vice versa, Bitso observed a significant increase in the volume of money transfers. as Daniel Vogel noted, this increases by 15-20% every week. According to the head of Bitso, the exchange seeks to capture 20% of the weekly US-Mexico remittance flow by the end of 2020. This is a fairly obvious example of Ripple’s advantage in terms of its use for money transfers, directly showing the profitability of the created money corridors.
SMBC invests in MoneyGram and XRP is mentioned in the US Congress
The Japanese bank SMBC is investing in MoneyGram as part of a joint cooperation with SBI. MoneyGram and SBI are important partners of Ripple. Earlier, SMBC also invested in a MoneyTap application based on Ripple technology. Obviously, the Japanese bank seeks to make the most profitable use of Ripple projects, applying them through indirect implementations.
Also in the US Congress, the Ripple XRP was mentioned. Mention of Ripple XRP took place during a recent hearing called “Cash Still King?” Then Rep. Tom Emmer asked Consumer Reports senior political adviser Christina Tetro if she knew any popular cryptocurrencies. The political adviser immediately called Ripple XRP.