Ripple update: Bitcoin ETF rejection and SBI/XRP link?
So I was having a think… and would like to hear other peoples thoughts on this because I may be misinformed.
The next Bitcoin ETF decision is at the end of September – it will get rejected once again almost certainly if you look at how long ETF’s take on average to satisfy the SEC. I’m expecting a potential bloodbath like what we’ve seen over the past week. Pushing crypto market even lower… which will harm XRP price/liquidity even further. With that in mind…
if SBI don’t adopt xRapid before next Bitcoin ETF rejection, surely XRP at sub 30 cence would be far too low to actually handle the volume they want to use it for?
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Don’t forget to share the post if you love it !