Rumor: Coinbase and Ripple May Start Partnership at Recent Global Blockchain Event
A hot new rumor has surfaced in the crypto world after the OECD Global Blockchain Policy Forum, which happened in Paris this week. After a recent discussion in this forum, several people in the industry are commenting on a possible partnership between Ripple and Coinbase.
The Daily Hodl has reported on this story and affirms that it all started during the speech of Breanne Madigan, who works as the head of the global markets team at Ripple. She was participating on the panel about digital finances and talking about the solutions of the company.
Madigan talked about the famous solution, xRapid, and used Coinbase as an example of the kind of company that would benefit from using this technology. Her example was that someone could send money from the U. S. to Mexico easily using the system because of a recent partnership that Ripple made with MoneyGram.
The dollars would be sent via the company, which would swap them for XRP, send it to another exchange in Mexico, which would swap it into Mexican pesos. This could bring several benefits.
She also talked about how Ripple is invested in having enough liquidity to take xRapid to other payment corridors as well. This would scale the product and make it even more efficient. One part of her speech stands out:
“We’ve been strategically partnering with a number of market makers around how we establish contracts and incentives for people to want to engage.”
This means that the company is focused on these partnerships with special companies to get more liquidity and a larger market share. Coinbase, an example that was given during the speech, is a great partner for this move.
Because of this, people all over social media started to speculate. The Daily Hodl cites the XRP Research Center, a pro-XRP profile, which talks about how a partnership is very possible. Should we give some credit to this rumor? It’s hard to say for now.
Here is the full video (Coinbase droplets starts around 9:35):