• A popular crypto influencer recently suggested that VISA could be working with Ripple secretly.
• The collaboration would likely drive the price of XRP to $100.
• However, it’s difficult to determine if the news is true and no official statements have been made by either company.
Ripple and VISA Working Secretly?
A popular crypto influencer recently suggested that payments giant VISA has been working with Ripple secretly over the last few years. Despite its ongoing battle with the SEC, Ripple continues to expand its XRP on-demand liquidity solution in global markets.
Partnerships or Acquisitions?
The crypto influencer noted that VISA has been working with at least four Ripple partners either through partnerships or via a complete acquisition. Some of these partners include Dee Money, Earthport, CurrencyCloud, and Novatti – two of which have been acquired by VISA and no longer appear on Ripple’s customers‘ page. The partnerships seek to expand Ripple’s footprint and reach of Visa’s proprietary cross-border payment solutions without any mention of Ripple and XRP.
Will XRP Reach $100?
If true, this news could be a bull-case scenario for Ripple as it could drive the price of XRP all the way up to $100 – however, it is difficult to determine whether this news is accurate or not as no official statements have been made by either company yet.
Ripple’s Q4 2022 Markets Report
Despite several markets as well as regulatory hurdles, Ripple highlighted in its „Q4 2022 Markets Report“ that their ODL service for XRP has further expanded to 40 payout markets – where XRP serves as a bridge cryptocurrency to facilitate instant cross-border payments.
Conclusion
It remains unclear if the recent claims about VISA collaborating with Ripple are true or not; however, given how far both companies have come despite all hurdles faced during its journey thus far, one can only hope for more positive news regarding their partnership in the future!