As we all know that Ripple has been a ‘buzz word’ after Bitcoin in the cryptocurrency world, thanks to its sudden upward price movement in December last year. The Ripple’s XRP has witnessed an all-time price high of $3.81 on January 04, 2018.
XRP Price Could Hit $10 If Ripple Partners With Amazon
But it seems the currency has yet to achieve milestones as Ripple might see a price soar by the end of this year if it partners with Amazon.
There has been a speculation that Amazon is currently working on launching its own cryptocurrency exchange as the company had registered name related to crypto related words.
According to sources, the Amazon has registered these domains: amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com.
That simply means if Ripple formed part of this alleged exchange then it could see an exponential rise in value.
Now the question arises why would Amazon choose Ripple for trading on its exchange?
So these are prime factors that could influence the Amazon to partner with Ripple;
- Ripple’s technology can execute transactions to occur within 10 seconds.
- Unlike Bitcoin, it charges a very nominal transaction fee of 0.00001 XRP.
- It has a huge circulating supply of XRP tokens
Recently CryptoMap’s Craig Cole advocated the bright future of Ripple saying “Its faster transaction speeds and lower fees make it easier for financial systems to embrace the virtual currency, which is partly why Ripple’s value has increased dramatically just this year.
“Ripple is helping financial institutions save money and it is only expected to become even more prevalent in payment flows.
“The virtual currency is certainly on the rise and has the potential to be the first token to truly disrupt an industry, and if it does, expect XRP to reach Bitcoin-like levels of ubiquity in the near future.”
And there is another thing which could accelerate the Ripple’s XRP is Coinbase acceptance for XRPs. Though they have denied launching XRP on their system in a recent blog post you never know, everyone wants to grow so does Coinbase and considering the popularity of XRP, sooner or later they will launch Ripple on their platform.