Amazon & Ripple [XRP] Partnership Could Be Monumental For Cryptocurrencies

Amazon & Ripple [XRP] Partnership Could Be Monumental For Cryptocurrencies

The rumors that have started to spread around about the collaboration of Amazon and one of the most recognizable coins, Ripple (XRP) are expected to have a huge impact on crypto sphere. Latest news claims that there are speculations that came down suggesting that Amazon the famous online retail giant, is coming along with the idea of a partnership with Ripple. Being preferred by banks and other financial institutions Ripple is somewhat considered as contentious cryptocurrency. Due to this fact, the collaboration with Amazon would increase the demand for the coin as well as would benefit it by revealing the currency to millions of new web users.

What do the latest speculations say?

As reports had suggested, Ripple might be chosen by Amazon only because of the high inventory of coins and its low transaction fees. Being charged with a fixed rate, Ripple transaction fees may be a causefor the dollar cost to drop as the value of Ripple grows. If the partnership between the two famous companies works, not only would Ripples value increase, but along with it the transaction fees will becomeminuscule. Its not hard to notice why such a move would be a profitable chance for a great company like Amazon.

Is the news trustworthy enough?

However, the news doesnt seem to be much reliable, thus, theres not such data to strengthen claims for these reports. Amazon itself hasnt given a definite statement, and also there are no sources within the company approve such news. Nonetheless, a huge number of critics have concluded that news like this would meet approval with Amazon. Being aware that Amazon had also registered some cryptocurrency related domain names, consequently, the partnership might be considered as a requirement for the company development. Lastly, Amazon and cryptocurrency are still an ongoing situation and should be watched closely, butit shouldnt be expected that there will be huge changes in the near future.


14.03.2018 / 16:28 97
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