Ripple XRP Price Prediction: European Parliament's Interest in Ripple Can Legitimize Cryptocurrency

  • Jack Thomas
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    Ripple and its XRP token are starting to permeate the thoughts and conversations in the European Parliament, which could spell legitimization for cryptocurrencies.

Ripple XRP Price Prediction: European Parliament's Interest in Ripple Can Legitimize Cryptocurrency
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Ripple has always been a cryptocurrency, with its XRP token, that has looked to regulators to get their okay before advancing too far along. Now, there is a lot of ice being broken between the cryptocurrency company and the European Parliament, which is starting to look into the benefits of cryptocurrencies.

Eva Kaili, a member of the European parliament, is a strong advocate of cryptocurrencies, and has been since 2014 when the cryptocurrency community viewed her with suspicion, as the belief back then was still that digital assets would be stifled by any form of regulation.

But now, she has been speaking at conferences organised by Ripple, as well as proposing blockchain regulation that is fair and friendly to the EU and is being met with appreciation and nods of heads rather than being shunned like she was before.

A lot has changed

It is interesting to see how the dynamic between cryptocurrency and regulators has changed over a few short years. There was suspicion on both sides of the coin, but as things have gone on, each side has realised the necessity of the other.

“When they heard I was a politician, they didn’t want me there,” she told the crowd gathered at the luxury Andaz hotel for the recent Ripple Regionals event in London, speaking of her first foray into a crypto conference.

“I believed that if we were not positive,” she explains, “the resistance of the traditional players would only increase and could even kill a technology that had so much potential for good.”

For the financial institutions, a lot has changed there as well. It used to be that many major banks and the likes saw cryptocurrencies either as a threat, or as a joke, but there is a lot of change happening, especially thanks to Ripple’s stance.

The presence of financial institutions at Ripple Regionals demonstrates how many are now seeing the value of using the technology to provide their customers with faster, cheaper and more transparent cross-border payments.

Making strides

Kaili in, in 2018, proposed a European Parliament Resolution that calls on the European Commission and the European Central Bank (ECB) to look into the sources of crypto-volatility, identify dangers and consider the possibility of incorporating cryptocurrencies into the European payment system.

She also wants to work towards standardization on all aspects of blockchain technology, from defining the status of digital assets to more transparency on ICOs and guidelines for resolving smart contracts.

These types of conversations would never have seen the light of day at such high level institutions and regulatory bodies as the European Parliament, but now they are, through the melding of two worlds.

The cryptocurrency space is begging to be regulated and accepted in the mainstream in order to reach a level of mass adoption, and at the same time, regulators are interested to see how this technology can change things for the better, thanks to cryptocurrencies which have been trying to push for adoption in institutionalised sectors.

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Binance Coin Price Surge Indicates Huge Support for Binance Chain Mainnet — Is This the Future?

Binance Coin Price Surge Indicates Huge Support for Binance Chain Mainnet — Is This the Future?
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On a day where the markets are predominantly in the red, but only slightly, it is interesting to note that Binance Coin is surging. The exchange token is up fiver percent, but it is totally understandable as to why there is so much positivity around the company.

The biggests news, which comes off the back of its decentralized platform, Binance DEX, is that the Binance Chain mainnet has been launched and that they will be executing their Mainnet Swap on April 23rd.

This means that Binance Coin will be shifting away from Ethereum, leaving questions open as to what this means for Ethereum, which has been under the pump to stay relevant in today’s crypto and blockchain space. This move will result in a migration of $3 billion worth of BNB being moved away from the Ethereum blockchain and onto the new Binance chain.

A positive investment

All the good news emanating out of Binance has not only helped the coin to climb in price when the rest of the market settles down – it is helping it head towards a new all time high. Binance, like many altcoins, reached its ATH in January of 2018 in that parabolic stage.

Binance Coin hit $24 back then, and now, it is at $21 and rising with the thoughts being that when the mainnet move takes place, there could well be an even bigger surge. It is also interesting to note that just a few months ago, at the end of last year, it hit lows of $4.50.

Competing with Ethereum?

The mainnet move is obviously good news for Binance, as the markets are suggesting, but is it equally bad news for Ethereum, which was the holder of $3 billion thanks to the exchange. Many people have speculated that this new blockchain platform will pose competition to Ethereum, but ultimately it will help diversify Binance Coin’s use cases while also increasing its utility.

So perhaps rather than being a direct competition to ETH, it is only going to strengthen Binance Coin and in doing so perhaps spell out the future of cryptocurrencies as there is good reason to believe that this token, with its added utility and use cases, will be a viable token for the world going forward.

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