SharesPost Reports Ripple is Setup Nicely For Cross-Border Payments Growth Industry


Ripple Is Well Positioned For Growth In The Cross-Border Payments Industry, SharesPost Reports

If you follow crypto news, you have already heard of Ripple, the creator of the XRP asset and of the xRapid cross-border payment solution. According to a new report made by SharesPost, the company is ready to face a significant growth opportunity in this sector, which currently is a $1.75 trillion USD business.

With over 200 partnerships with banks from all over the world, Ripple is very well positioned to keep growing as it disrupts SWIFT, the current leader in international payments. The company offers one of the best cross-border payment solutions in the market right now, SharesPost affirmed after researching the crypto company.

At the moment, Ripple has three successful solutions: xRapid, xCurrent and xVia. These solutions use the RippleNet platform and the XRP tokens in order to streamline cross-border transactions and money remittance in a seamless way. This way, banks, and businesses can send money faster and with fewer costs.

According to Alejandro Ortiz, a SharesPost research analyst, Ripple has a significant market share and has a better position to grow more in the future than its competitors because its business is innovative and disruptive.

The report released by the company also has more information on the data gathered about Ripple and how it influences on its chances of growing in this industry.

It was noted, however, that Ripple is far from being a company which suffers no risks at all. The crypto company will likely face strong competition from credit card companies, major banks and SWIFT itself.

The uncertain regulatory environment in which the company is set was also cited as another point that could harm the company in the long term. Since a few years ago, Ripple has been accused of having created a token that is, in fact, security.

Many investors are suing Ripple because of XRP and, while the company is still winning most lawsuits, it is not an exaggeration to note that this lack of a clear regulatory environment can become a problem for Ripple as time passes.

SharesPost is a FINRA-registered broker-dealer and an alternative trading system registered with the U. S. Securities and Exchange Commission (SEC). The company often engages in market research such as this one made about Ripple.

Ripple (XRP) Live Price

1 XRP/USD =$0.2464 change ~ 2.46%

Coin Market Cap

$10.67 Billion

24 Hour Volume

$186.84 Million

24 Hour VWAP

$0

24 Hour Change

$0.01

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