Tron Leader Justin Sun’s Ripple Praises Starting To Materialize For XRP Coin Adoption
Tron CEO Justin Sun has been very supportive of Ripple. Though some are viewing treatment of Ripple as a leveraging method for it to ultimately adopt TRX, others believe that his view of Ripple is completely genuine.
Sun is known for his outspoken personality and the contribution that has made to the blockchain industry. He regularly discusses his view on blockchain technology and one such view was that massive adoption is in Ripple XRP’s future. This view and others seem to be materializing, which is interesting in itself.
Even though Sun runs Tron, he has regularly used Twitter and other social media platforms to express his satisfaction with Ripple XRP’s success, especially when it comes to the area of cross-border remittance and how the currency overtook the second position from Ethereum. Sun’s enthusiasm has led many to wonder as to whether he has a personal stake in Ripple.
This may be true, given that Sun has stated at some point that he is a shareholder of Ripple’s XRP. He has also performed various tasks for Ripple before establishing Tron. One of Sun’s latest praises of Ripple is his expression concerning Ripple’s cross border product xCurrent. After PNC bank had discussed the product’s impressive upsides and adopted it for cross-border transactions, Sun tweeted congratulations to Ripple for its surge in market price and performance. xRapid was then launched a product that led to Ripple’s additional increases.
Thus far, xCurrent and xRapid are being implemented by many banks for international transfers, which may suggest that Ripple is going to be a big part of the market and Sun’s belief in the coin is certainly not unfounded.
Further, there may be indication that Ripples surge is not only motivated by Sun’s media comments and general disposition, but also by banks. For instance, PNC bank’s adoption has led to an increase in market price and ultimately, as other banks adopt the Ripple, it will become even more popular as a tool for businesses.
Of course, Ripple’s mass adoption is not without challenges. On September 21, 2018, XRP was performing well during the bullish market and at the end of the day, it led to it reaching the second spot in market cap after overcoming Ethereum. Even though the coin has returned to its third-place spot since, XRP was able to prove Sun’s perception that the coin will perform well.
Moreover, Ripple has partnered with PNC bank in an effort to enhance the coin’s cross-border scope. The bank is one of the largest financial institutions in the country and has a positive reputation for its treatment of cryptocurrency and blockchain transactions.
At the end of the day, the theory that Sun’s perception of Ripple has underlying factors may hold water. It will be interesting to see how his treatment of Ripple will be going forward and how it may influence its growth in the market.