Ripple is a legit company. They use their blockchain implementation in order to become the middleman of the entire banking world. Excellent innovation and seemingly great execution as they truly have a lot of deals in place with several different banks and organization from all over the world. But why isn't the price of their platform's fuel, XRP, rising and rising?
I've written a post about it a few days ago: https://steemit.com/cryptocurrency/@valderrama/the-love-hate-relationship-with-ripple-xrp
In that post I tried to highlight that Ripple and XRP are seemingly two different things. They need each other but often Ripple itself will not even talk about XRP. Af few days after I posted this: https://steemit.com/cryptocurrency/@valderrama/does-this-ripple-tweet-give-us-more-faith-in-them
In that post I highlighted that Ripple was basically badmouthing Ethereum... very strange for such a legit company for wanting to make headlines like that. Putting that aside, today they tweeted some great news. A new deal has been made. They have a deal in place with the SBI group. With that deal they've made it possible for 45000 Thai nationals living in Japan to send money home almost instantly without having to wait days and days. The rollout of the service begins today.
Awesome news. Great implementation of the tech. But why aren't they, again, mentioning XRP? Why isn't XRP rising? A short while after Ripple also commented this:
Apparently there's a serious money making opportunity there. I guess Ripple and the SBI group will get that money in their pockets. But the question remains, what about the price of XRP on the market?
As an XRP holder this kind of frustrates... it's a difficult situation to analyze. Any insight is appreciated.