XRP Whales Optimistic,  Ripple Pitches Idea Of XRP Use With $1.6 Trillion Asset Manager 

XRP whales became more bullish, as Ripple pitched the merits of the XRP Ledger (XRPL) to fund manager Franklin Templeton.

Ripple (XRP) is a San Francisco headquartered fintech firm and Ripple Labs is the engineering team behind XRP cryptocurrency development. XRP Leger (XRPL) is the Proof-of-Stake (PoS) blockchain network at which XRP cryptocurrency runs. XRP crypto works independently and Ripple uses XRP coin in the cross-border payment services. 

Recently in a post, a $1.6 Trillion Asset Manager Franklin Templeton shared his intention to crypto & blockchain technology adoption for the existing business. 

Notably, they talked about Defi protocols, NFTs, & even meme crypto tokens.

In response, Ripple CTO David Schwartz pitched the merits of the XRP Ledger (XRPL) to Franklin Templeton and said that XRPL is a good example of the crypto innovation, as XRPL successfully executed millions of transactions with full stability & security over the decade. 

And also said that XRP is better for crypto & traditional financial assets e.g. tokenization. 

It is worth it to note that Ripple is already a top popular name in the fintech industry because of its efficient cross-border payment services, thanks to XRP cryptocurrency. So there are huge chances that Franklin Templeton might show interest in XRP.

XRP price 

The current trade price of XRP is $0.55 & this trade price is 7.73% down over the 7 days of trade price. 

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XRP whales optimistic,  Ripple pitches idea of XRP use with $1.6 Trillion Asset Manager  1

Ripple has been under huge legal hurdles with the United States Securities and Exchange Commission (SEC) since Dec 2020 over the nature of XRP & business activities with XRP. Because of the Ripple vs SEC suit, the trade price of XRP coin faced a huge downfall.

Three months ago, when the court judge ruled that XRP was not a security token then the trade price of XRP coin surged by nearly 70% but after that, this cryptocurrency is struggling badly to show a big rally.

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