The time has come to do another recap of the recent developments for Ripple and XRP. A lot of things are happening behind the scenes once again, and it seems there is yet more to come.
Q4 XRP Markets Report
Every single quarter, Ripple provides a quarterly update regarding XRP. More specifically, the company’s view on this native asset is crucial to keep in mind. This report also confirms how the programmatic XRP sales have been paused recently, That situation has changed ever so slightly, which is a prominent development.
A few days ago, XBTFX made a somewhat surprising announcement. They are now using XRP as a base account currency for the live XBTFX MetaTrader 5 trading accounts. This allows for depositing, withdrawing, and exchanging through Ripple’s native asset. Moreover, the forex trading account can be denominated in this asset as well.
XRP Tip bot “Drama”
Some users are still surprised to learn how the XRPtipbot account on Twitter remains suspended indefinitely. While a workaround does exist, it remains a somewhat dramatic development regardless. Thankfully, the new hashtag-based system appears to be working quite well.
BitPay Supports XRP
Having one of the biggest crypto payment processors support Ripple’s native asset is a big deal. Making XRP more mainstream as a form of payment will usher in new competition . Albeit options remain somewhat limited what this time, the foundation has been laid for the future.
The opinions on what Xumm might mean for XRP remain somewhat divided, but there is plenty of potential for the future. In terms of enabling real-world merchant adoption or streamlining online payments, there are plenty of options to explore. Another validation of what Ripple has been building over the past few years.
The Ripple IPO Hints
During World Economic Forum 2020, Ripple CEO Brad Garlinghouse made a surprising announcement. While not officially confirmed just yet, he hinted at a potential IPO for the company in the near future.
“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.” –@bgarlinghouse at #WEF20
— Asheesh Birla (@ashgoblue) January 23, 2020
He also mentions how other companies in the crypto and blockchain industry may IPO moving forward. Lots of exciting things to look forward to. This doesn’t necessarily mean that Ripple will focus on an initial public offering, albeit it remains a possibility.
On the Ripple Insights blog, a new post regarding goLance popped up this week. It documents how the freelance marketplace sees a lot of benefits from the On-Demand Liquidity aspect of RippleNet. When dealing with freelancers from all over the world, global payment liquidity can often be a problem.