The SVP of product management of Ripple, Asheesh Birla has announced yesterday on Twitter that Ripple has invested into the Bitso, which is a Mexican Exchange. Bitso is the largest exchange in Latin America, but Birla didn’t reveal the investment amount that has been made. Also, Birla will be joining the board of directors in Bitso.
This can turn out to be a very good move on the part of Ripple as Bitso is a good platform to be a part of the assets under its wings. Bitso can be helping Ripple gain a strong presence in the Latin America market and this investment can be considered as win-win for both parties.
Ripple is making big moves this year, they are really focused on expansion and making partnership in different companies around the world. I'm starting to like this coin, even if its centralized in nature I believe it has potential to disrupt the financial system and probably with a brighter future than Facebook's Libra.
With Ripple, we actually do not need Libra. In light of what happened to Libra, I think Ripple is less controversial and seems to be receiving warmer reception from many regulators though we know that this is a centralized platform and not really the ideal platform many of us in the cryptocurrency industry can appreciate, still many of us have XRP hidden somewhere.
I thought xrp is already slowly going down the drain but then again, they are now becoming more visible and bold with their actions lately. Maybe there is really in store for us with XRP. And the charts are looking good. Time to get some stash of this coin.
Some people are looking at XRP as the next number two when Ethereum (they hoped) will be drowning on its own "blood" as they are seeing a big potential for this coin to grow and grow especially next year. Not that I am hoping that it overtake XRP but who knows? Maybe getting some more of XRP can be a good decision to make today...
