Ripple Gets Mainstream Exposure Via BBC On Their Worklife Program

Ripple's XRP had quite a forgetful year in terms of its market value where the largest altcoin failed to break above the psychological barrier of $0.30 throughout 2019. Even when the rest of the market made double digital gains on more than one occasion, XRP failed to ride on the bullish wave. However, despite the dismal performance, it has maintained its 3rd position to everyone's surprise.

XRP might not have had a great year in terms of the token price but it continued its partnership spree and also got a mention on the mainstream news broadcaster BBC. Ripple was mentioned during the BBC's Worklife show, a program dedicated to the latest update in the business world.

On the show, XRP was mentioned in the reference of traditional payment systems which are slow and costly. The presentation called XRP a viable solution for these sluggish traditional payment systems. Nathalie Oestmann, the COO at Curve said,

“Right now, if you are making a cross-border transaction, it is really time-consuming. Clearing and settlement take days,”

She started that Ripple can prove to be a better solution which can fix any existing issues with the current platforms and make cross-border transactions seamless. She explained,

“Ripple, who produces the XRP cryptocurrency token, is producing some commercial opportunities for companies to do a cross-border exchange, removing the multiple-day process and hangovers.”

Are cryptocurrencies stable enough to become a real-world payment method

Cryptocurrencies for sure are fast in terms of transaction speed and cost-effective low as well, however, at the same time they are highly volatile which makes it very complex to use it as a mode of payment without a fixed value.

Brad Garlinghouse, the CEO of Ripple feels otherwise as he claimed that Ripple is much more stable than SWIFT and transactions on that platform take 3-5 days while Ripple processes the same in a matter of few seconds.

The mention of cryptocurrencies on mainstream media platforms has become more common in the last year. Since a majority of the governments around the globe are either investing in blockchain or forming regulations for crypto use. There have been several appearances made by crypto personality on leading news media houses.

Ripple (XRP) Live Price

1 XRP/USD =$0.2005 change ~ -1.05%

Coin Market Cap

$8.68 Billion

24 Hour Volume

$169 Million

24 Hour VWAP

$0

24 Hour Change

$-0.0021

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James W
James is a cryptocurrency enthusiast, an advocate for the development and exposure of blockchain technology, and believes in the use of digital assets for the good of the society. Enthralled by the huge potential of cryptocurrencies and their underlying technology – blockchain – James dedicated himself to learn more about the industry, becoming a highly sought-after writer in the sector. He covers news, white papers and any content related to cryptocurrency and blockchain in general.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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