Is Ripple Able to Reach $1 Trillion Dollars?

XRP is one of the most valuable and known cryptocurrencies all over the world, and it usually generates excitement in the cryptocurrency community. It clearly has the potential to change the way in which the banking industry and financial institutions send and receive payments. However, it is possible for Ripple and XRP to reach $1 trillion dollars market capitalization?

Ripple has released the xRapid product some time ago with the intention to revolutionize the payment industry. With it, it would be possible for Ripple Labs to become the next ‘Apple’ of the virtual currency space.

It is possible to draw a comparison between Apple and Ripple Labs and how these companies grew over time. Apple started to sell computers and other products almost 40 years ago without being backed by any company.

The same happened with Ripple, that started a few years ago and now is one of the most respected companies in the crypto and payments industries. However, Ripple is currently waiting for the U.S. Securities and Exchange Commission to decide whether XRP is a security, a currency or a commodity.

At the moment, XRP has a market capitalization of $18 billion dollars and it’s the third most valuable virtual currency after Bitcoin (BTC) and Ethereum (ETH).

Ripple is also working in order to offer a wide range of products and services to different companies all over the world. At the same time, it has embraced blockchain technology in order to improve the products and services it has.

Ripple Labs is also working with the intention to promote the adoption of XRP as a cryptocurrency. However, Ripple Labs wants to have a different economic road than XRP.

According to Brad Garlinghouse, Ripple’s CEO, dozens of banks will be using xRapid in the near future. Additionally, the xRapid product will be available for companies at the end of October or the beginning of November.

XRP and Ripple have the possibility to grow and become the ‘Apple’ of the cryptocurrency space. Offering innovative products and solutions and building an important network with the most known financial institutions all around the globe.

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