Despite many believing that the previous market recovery during May was what Bill Barhydt – CEO of Abra, stated that the gold-craze and hype will overtake the market again, did not go so well.
“I talk to hedge funds, high net worth individuals, even commodity speculators. They look at the volatility in the crypto markets and they see it as a huge opportunity. Once that happens, all hell will break loose. He added: “Once the floodgates are opened, they’re opened.”
Ripple and its Magical Hype
However, the price recoveries did let us know that the market is not dying as various traders stated after the major dip during January, February. One of the strong impactors on the green-value movement was the rumor that one of the big time crypto-supporters is turning to be Amazon.
The event would not be that shocking because we have to keep in mind that Ripple’s tech is being tested and promoted by various firms, baking institutions or financial companies like MasterCard American Express, Santander.
Speculation of an Amazon partnership were first seen in the Crypto-verse late last year. The idea behind the speculation hinged on the reliability of XRP during transactions. The coin is known for 3.3 second transaction speeds and $0.0004 charges per transactions. These are performances that a leading online retailer like Amazon needs for the process of moving into the future and improving the online payment settlement.
The rumor stands that Amazon will be accepting Ripple as one of the payment methods for Amazon products. That is how it is believed, although not officially confirmed, that Ripple is going to be accepted by Amazon. On the same route, words are spread that Apple, Inc. would have benefits of accepting Ripple as a payment option and it is being considered.
The Amazon partnership speculation was also mentioned in the Youtube video by Chronic Crypto that had predicted that XRP will jump to $24.48 by the end of the year, and after the current market crash or dip is over.
Ripple Spreading Out
We can see that more and more companies and foundations are accepting and working with digital assets, and Ripple (XRP) alongside with only a handful of currencies is slowly becoming widely accepted.
Compared to Bitcoin, Ripple does not have the problems of slow transactions or expensive fees. That is why many welcome its technological capabilities.
In addition to having the ability of processing thousands of transactions in the matter of only a couple of seconds, which would be much appreciated by Amazon in case it decided to adopt XRP as a payment method, Ripple has a certain level of stability in the market, given the fact that its price is rising up slowly.