It can be termed as a piece of delightful news for Ripple community, Deepak Sharma, Chief Digital Officer of Kotak Mahindra Bank (India), said that RippleNet is helping the organization to reach out the new corridors. With the help of Ripple, the use of blockchain can be fast-tracked, he added. Regarding the use of blockchain in the formal economy, he said, “We’d rather disrupt ourselves than being disrupted by somebody else.”
XRP Price Analysis and Forecast
On August 10, Ripple (XRP) was trading around 0.3041 USD. Nevertheless, in a duration of 25-days, the coin has gone down by a margin of 14.47%. In the weekly chart, however, the crypto has made a bounce-back of 1.97% from the trading price of 0.2551 USD on August 29. The strengthening is continued in the intraday trading also, where the crypto has shown a hike of 0.88%. On the other day, the coin was opened at 0.260838 USD and wrapped the day at 0.263139 USD. Ripple (XRP) has been moving towards the upper side of the chart at a steady pace.
The latest interview of the CDO of the Kotak bank revealed the future of XRP in India and how the formal sector of the economy is acknowledging the importance of altcoins. It is just a matter of time that the cryptos will not just be a part of the parallel economy but become mainstream. Meanwhile, the trends in Ripple is bullish in the short, as well as in the long term.