Right now there are certain speculations and the settlement might not happen but we just have to
wait that when it happens, XRP will explode.
It has already been accepted by many institutions and now the traveling department has also
started using crypto currencies including bitcoin, dogecoin, XRP and other crypto currencies.
John E. Deaton states that,
At the last count that I’m aware of, over 1300 businesses accept #XRP as a payment currency.
That number is much higher today. When you consider individuals who accept #XRP as a form
of payment for goods and/or services (i.e content on coil or YouTube), the number is huge.
So, the use of XRP is increasing not only because it’s fast but it is the greenest crypto currency.
Another proof for the explosion in August is from Germany. A new law that could potentially
result in up to $415 billion flowing into cryptocurrency assets will come into effect on Aug. 2 As
much as $415 billion worth of investments could flow into cryptocurrencies as new laws
governing German Spezialfonds go into effect. Coin Telegraph reports that, Beginning on
August 2, 2021, German institutional funds will be able to hold up to 20% of their assets in
cryptocurrencies, possibly setting the stage for wider mainstream acceptance of Bitcoin and other
crypto assets by the nation’s pension funds. The nation has also become a leading market for
cryptocurrency exchange-traded products, or ETPs. As Cointelegraph reported, investment
product issuer 21Shares has partnered with German brokerage codirect to provide crypto-focused
ETPs to nearly 3 million customers.
All these signs are indicating that the prices are only seen to be going up and this month will be
marked for the investors to get rich. Another good news for investors is that US congressman
Beyer introduces crypto bill with ‘basic protections’ for investors. According to decrypt, Virginia
Congressman Don Beyer has introduced legislation to begin the “overdue process” of updating
current crypto regulations.
#XRP #Ripple
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