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Ripple Price Prediction Expected to Rise as It Attempts to Break Into Hostile Chinese Crypto Market

  • Jack Thomas
    🤷 Opinions

    Ripple is continuing to make big strides in partnering with traditional institutions, this time looking to crypto-hostile China


Ripple Price Prediction Expected to Rise as It Attempts to Break Into Hostile Chinese Crypto Market
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Much of Ripple’s success in recent times has been based around its ability to form strong partnerships with banks and other traditional institutions that have been separate from the cryptocurrency and blockchain space.

This real-world application and show of potential within the banking sector has helped rise the price prediction of the XRP token, and now, as they look further abroad, there is more opportunity to see movement from the cryptocurrency.

Ripple has announced that they are partnering with a university in China, a country that has been vehemently against cryptocurrencies in the past, in order to help build a blockchain research program.


The Institute for Fintech Research (THUIFR) at Tsinghua University in Beijing announced last week that the scholarship program would focus on global regulatory policies and blockchain development. Selected students will also get to participate in corporate visits and events.

A different type of partnership

While Ripple has been known to target banks and financial institutions, predominantly in the west, as well as more recently in the Middle East and North Africa, this is a different type of partnership for them.

This would fall more into the category of charitable work, but what is important to remember is that this partnership within China gives Ripple access to a country that is strongly against cryptocurrencies, having banned ICOs and access to exchanges in the past.

Eric van Miltenburg, Ripple’s SVP of Global Operations, said:

“The program’s goal – to provide students with opportunities in blockchain research – closely aligns with that of Ripple’s University Blockchain Research Initiative; we’re thrilled to support THUIFR in this endeavor and look forward to its launch.”

China is, however, still positive when it comes to blockchain and the power it provides to decentralized digital currencies. It is thus understandable that a university, within the highly controlled People’s Republic, would be amenable to this partnership.

It is also not totally out of the blue for Ripple to make parthernsips that are not directly based on business growth, rather expanding their reach to be more inclusive than their work relating to the XRP token.

A good boost

That being said, with Ripple being in a unique position where it is in control of the XRP token, these kinds of positive partnerships that are aimed at growing the blockchain ecosystem will no doubt have a positive effect on the XRP token.

Ripple has faced criticism in the past from cryptocurrency maximalists, but as the general mood surrounding cryptocurrencies and blockchain changes, and becomes more holistic, it is these partnerships that should be applauded for their ability to advance the entire ecosystem.

Cover image via u.today
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Blockchain Adoption Uncovered by Forbes as Billion Dollar Companies Buy In to Drive Technology

  • Darryn Pollock
    🤷 Opinions

    Blockchain adoption by billion dollar companies is probably a lot further along than expected as Forbes has revealed


Blockchain Adoption Uncovered by Forbes as Billion Dollar Companies Buy In to Drive Technology
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Forbes has recently released a list of 50 companies utilizing blockchain technology that are valued at over a billion dollars, these companies include the likes of Amazon, Microsoft, IBM, as well as less technical ones such as BP and Walmart.

What is surprising about the list is just how broad the scope of interest is when it comes to blockchain by these massive global companies. The adoption of blockchain, over the last 10 years, has been relatively slow, up until now.


But, in 2019, it seems that the future of technology has been laid out and to get a competitive edge these companies realise that there is a lot that can be done with blockchain and that they need to get their foot in the door.

Heavy hitters

While the Forbes list paints a grand picture of blockchain adoption, it also shows just how far along in the process some of these companies are. For companies to have made it onto the list, they have to have been using blockchain in some sort of effective and tangible way.

There are some, like insurance giant MetLife, which already has a working blockchain, and product, that has been going since 2014. Back then, the adoption of blockchain by major companies was not even heard of – it was more about the starting boom of Bitcoin.

But blockchain is the new leader in the space, taking over the batton from cryptocurrencies which certainly helped raise the profile of the entire ecosystem. If it was not for the cryptocurrency boom, a lot of these major companies would never even have stumbled across the underlying technology.

A drive for blockchain

Now, with the cryptocurrency market right back down again, and a lot of the speculation having been cleared out, there has been a whole year of rather focusing in on blockchain building and its application, instead of making money off speculative tokens.

That change in mindset has really helped major corporations take on the technology and begin experimenting with its efficiency and disruptive powers. There is almost an arms race going on as the advantages the technology can give across a huge spectrum of enterprises, which are massive and very coveted.

A need for enterprise investment

There still remains a debate as to whether blockchain, and crypto, with its decentralised nature, is in need of these major corporations coming in to monopolise the space which was born out of defiance of banks.

However, it would be foolish to think that blockchain can reach its full potential without a drive from big companies with big budgets. Smaller startups and companies are able to bring innovation and excitement to the space, but the mass adoption will only come when the heavy hitters are involved.

Cover image via 123rf.com
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