New Ripple Rumor: “World Bank to Adopt Crypto” as SWIFT Could Trigger XRP Bull Run to $100 USD
It might be possible for Ripple to be working with the World Bank in order to launch a blockchain-based cross-border remittance to Asia. The information was released by the Twitter user Digital Nomad in a picture taken from a physical newspaper.
This suggests that previous rumours about the World Bank and Ripple working together might be just real.
The article uploaded by Digital Nomad reads as follows:
“The World Bank has partnered with Ripple to launch blockchain-based cross-border remittances to Asia by Q1 2019, Reuters reports Dec. 14.”
I found this. I wonder if its real thought pic.twitter.com/GUVOMm1Jlo
— Digital Nomad ⚡🎢 (@DigitalNomad14) December 14, 2018
This could be really positive for XRP and Ripple as a whole. XRP has been affected by a bear trend that the whole cryptocurrency market experienced. Since its all-time high, the virtual currency lost more than 90% of its value.
Nevertheless, during this year, Ripple has been working with different companies from all over the world in order to improve cross-border payments between companies and firms.
In the Reuters article mentioned by the post made by Digital Nomad, the United Arab Emirates-based UAE Exchange and Ripple will be launching cross-border remittances to Asia during the first quarter of 2019.
At the moment, RippleNet has more than 100 members that include financial institutions and other banks from different countries. Other Asian firms such as the National bank of Ras Al Khaimah and the Kuwait Finance House are also part of Ripple Net.
At the time of writing this article, XRP is the second largest virtual currency in the market. Each coin can be purchased for under $0.3 and it has a market capitalization of $11.9 billion.