Counting the Numbers: Ripple Growing at a Rapid Pace, XRP Coin’s Future Looks Bright

If we take look at the third-largest cryptocurrency XRP’s price chart, it isn’t showing much bullishness and inspiring even less confidence. Given the fact that crypto market has turned green as Bitcoin surged 4 percent in a few minutes going above $5,600 and top cryptos are up 2 to 3 percent while XRP is all red by 0.10 percent at $0.3263, it further puts a damper on the situation.

XRP might be down nearly 7 percent YTD while some top cryptocurrencies have risen 100 or 200 percent but it is also one of the few digital assets that are available at the most discounted price that is 90 percent from its all-time high of $3.40.

Ripple Ecosystem Grew In Crypto Winter

The price might not be making any waves but Ripple is constantly working on its ecosystem and expanding it. From the personal point of view, the number of people dedicated on making Ripple, its products and XRP working has grown during the crypto winter while other projects had to lay off their staff.

XRP Research Center who is dedicated to the XRP ecosystem shared some numbers regarding the growth in Ripple’s workforce. Back in July 2018, the Twitter account holder made an “unpopular prediction” basically an ecosystem value growth-indicative speculation where he stated the Ripple employee on LinkedIn at 309, 9 at PolySign Inc, and 8 at Coil.

His prediction for the same came true to the most part as in just about a year, the employee at Ripple went to 401, seeing a growth of nearly 100 employees in this crypto winter where crypto prices went to their yearly lows.

The personnel size of PolySign Inc, a company that develops software solutions for institutional digital asset custody created by Ripple co-founder Arthur Britto and Ripple CTO David Schwartz has grown to 14 while Coil’s jumped to 18.

Driving The Adoption, Reaching The World

Apart from the workforce, which is an integral part of a company, Ripple is expanding the reach of its products viz. RippleNet, xRapid, xCurrent, and xVia all over the world as it reaches Africa, Asia, South America and more.

Moreover, its fundraising arm Xpring has been driving XRP adoption further especially through its latest project XRPL Labs which is working on a number of solutions. Recently, its product XRP Payments app made it in Apple and Google Play store while another one XRP Tip Bot that enabled sending and receiving of XRP on Twitter, Reddit, Outlook, and Gmail is working on acquiring a banking license that will fuel its expansion.


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