The ripple can no longer be ignored with so many financial giants involved

The price of Ripple XRP cryptocurrency finally begins to reflect the enormous amount of partnerships and developments that Ripple has achieved during 2018 and early this year.

The XRP is currently trading at $ 0.43 after finally exceeding $ 0.30 on May 11, which represents an increase of 40% and more in just 5 days. This is significant, since the XRP trades around $ 0.30 for most of 2018 and most of 2019.

XRP from Ripple can no longer be ignored

While the XRP hung, Ripple was busy creating, developing, building partnerships and collaborating with the world's most influential financial institutions and organizations.

For example, Ripple took advantage of his time out of the limelight to rope in the partners for their global blockchain payments network, RippleNet, and to convince entities to use their XRP-based xRapid technology for cross-border payments.

The company has now 10 financial institutions that actively use XRPand they save 40 to 70 percent, with near-instant transaction speeds that are simply not possible with traditional payment methods.

the world Bank also highlighted Ripple's achievements, praising xRapid for its improvements in remittances, in their report distributed ledger (DLT) technologies for cross-border payments.

In addition, Ripple is a partner of more than 200 institutional clients using RippleNet. While most of these customers facilitate cross-border remittances with Ripple's xCurrent payment technology (which does not use XRP), Ripple has now launched the Update xCurrent 4.0 for XRP integration.

This is much more important than most people think, as it allows all current and future xCurrent Ripple customers to use XRP via xRapid. It will now be easier than ever to convince and migrate institutions to use XRP.

What makes this development even more exciting is that Ripple has recently been associated with Ria Money Transfer, a subsidiary of Euronet, to enable instant global payments powered by blockchains.

This is a big problem because Ria Money Transfer is one of the largest money transfer companies in the world, with a transfer volume of 40 billion dollars a year in more than 155 countries on 377,000 sites.

And there is so much more

The International Monetary Fund (IMF) is another financial giant alongside Ripple. Chris Larsen, co-founder of Ripple has been selected by the IMF join a very influential panel of 20 experts and leaders in finance and technology to discuss new innovations and their applications in finance.

As if participating in a panel organized by the IMF was not enough, Ripple became one of the founding members of the The blockchain association of the European Commission, called International Association for Trusted Blockchain Applications (INATBA).

In addition, Brad Garlinghouse, CEO of Ripple, has already revealed that the The Bank of England is a paid Ripple customerand just at the recent World Innovate Finance Summit, the Governor of the Bank of England said that it was possible to use Ripple 's technology.

Overall, Ripple is deeply involved in the internal workings of the global financial system through a multitude of collaborations and partnerships with influential financial organizations. People are beginning to realize this, and it becomes clear that Ripple and XRP can no longer be ignored.

When do you think we will experience the real effects of all the collaborations and partnerships with the financial giants mentioned above? Tell us what you think in the comment section below.