Cryptonews - Ripple(XRP) to the moon! Ripple rally explained!

Ripple to the moon! 

First things first for those who don't know what is ripple. Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. It is a unique technology because its purpose is for Business to Business. Which is unique for a cryptocurrency. 

Read more: Ripple (Cryptocurrency) https://www.investopedia.com/terms/r/ripple-cryptocurrency.asp#ixzz51YA5l4Kv

Why ripple is rising these days!

There are two reasons for the recent breakouts of ripple. It is important to say that the rise a crypto is because of the supply and the demand. Simple economics if the demand is higher then the supply the price will rise. 

Coinbase rumours

Coinbase is the largest exchange for cryptocurrencies on the World Wide Web. With a growing community of tens of thousands each day! So if a cryptocurrencie is able to join this exchange it will mean a significant growth in demand. I just explained a increace in demand means a increase in price! These rumours are here because of a numerous of events. The most significant one is that a former coinbase boss is now working for ripple. They are giving eachother compliments on twitter which is unusual. Also coinbase made an announcement that they will be adding some crypots in the near future. Big things will happen in the near future!

Decrease of supple ripple (XRP)

Lets dive right into it! Ripple is freezing a HUGE amount of tokens. This will influence the first rule of ecnomics i explained "Supply and Demand". Supply is droping which means the price is rising. Ripple froze 55 bilion of their tokens that the company holds. People were affraid of the huge number of tokens the company was in possessoin of. So this is no longer an issue which is great for the investors.

Source: http://cryptoconsulting.info/2017/news/ripple-freezes-55-billion-of-xrp-coins/

Ripple joins Abu Dhabi Bank!

The National Bank of Abu Dhabi (NBAD) is pleased to be the first Middle  East bank to introduce real time cross border payments on Blockchain  technology. The new channel is intended to facilitate regional customers  with simple, real time and secure way to process their cross border  payments within NBAD network.
 

Ripple’s Distributed Financial Technology fits within NBAD’s existing  infrastructure and offers a secure end-to-end payment flow providing  transaction immutability and payment integrity. Integrated to the NBAD’s  innovative payments infrastructure, the Ripple solution offers  customers end-to-end visibility of transactions and allow for the  instant transfer of funds to a beneficiary in a cost-effective manner.
 

With Ripple connectivity, NBAD aims to significantly progress the way  cross border payments are made today by offering clear costs, improved  delivery time and visibility into the transaction process – ultimately  reducing the investment and resources required by our customers to send  payments.
 

Ramana Kumar, Managing Director & Head of GTB Business and Product  Management, added “At NBAD we strive to ensure our offerings are  efficient and transparent. Blockchain technology transforms and paves a  new way in achieving our goals and better serve our customers, adding  value through accessibility and transparency. As an initial adopter and  first bank to go live on Ripple, NBAD offers innovative solutions to our  clients payments needs”.
 

Vineet Varma, Managing Director & Head of Global Transaction  Banking, NBAD said: “We’re always exploring new ways to enhance our  customers’ experience. With blockchain, we hope that we could address  the needs of our customers and drive forward more efficient and flexible  service. Embracing technologies like Blockchain is a step in right  direction for our customers” .
 

Brad Garlinghouse, CEO of Ripple, added, “Banks and their customers have  been hearing about the promise of blockchain technology to enable  real-time cross-border payments. Now, some of the most innovative and  successful banks like NBAD are making this a reality by offering  Ripple-enabled payments to their entire customer base, and in doing so,  paving the way to make 2017 the year we see broad commercialization of  blockchain take hold globally.”
 

NBAD is the first bank in the region to provide customers with Ripple’s  technology, joining a growing list of premium companies and institutions  around the world, including Santander, Standard Chartered, and  UniCredit.
 

According to the 2016 World Bank migration and remittances factbook, the  UAE is ranked as the fourth top remittance-sending country in the  world, accounting for more than $19 billion (Dh70 billion).

 Source: https://www.nbad.com/en-ae/about-nbad/overview/newsroom/2017/01-02-2017.html

Conclusion

Ripple is a great investment for long term and has created a great token and company. They have also created a very stable market to invest in. In the future i see more and more banks joining so Ripple will keep growing.

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Would love some feedback and questions!

- Bartcardi

Conclusion