Ripple (XRP) price prediction 2020

Beyond 2020: What does the future hold for Ripple?

There are interesting times ahead for this cryptocurrency project. From unconfirmed leaks questioning the functionality of Ripple technology to the Coinbase listing rumors being busted, Ripple has taken a few hits in recent times.

With this in mind, we can expect a focus on rebuilding confidence in its brand and forming partnerships with an increased number of big-name corporates. So far in the history of Ripple, we’ve seen many impressive announcements of the platform partnering with financial institutions that are testing its technology, including Western Union, Saudi Arabia’s central bank, Santander, UniCredit, UBS and a host of others.

What many will be watching with interest throughout 2018 and the years ahead is whether or not those banks will actually adopt Ripple’s technology for public use. If it can deliver speed, low transaction costs and scalability as promised, and beat out the competition to become the payment processor of choice for banks, there’s plenty of potential for growth.

Some announcements of official partnerships have already occurred. Mexican financial services firm Cuallix will use XRP for cross-border payments, while in January 2018 it was announced that MoneyGram would pilot the use of XRP using Ripple’s xRapid service.

On Twitter, Ripple CEO Brad Garlinghouse posted: “…three of the top five money transfer companies worldwide will be implementing Ripple’s XRP token in their payment flow systems in 2018.”