Let's look at the big picture for ripple the good news SBI Ripple Asia began testing new blockchain based platform between Japanese and South Korean Banks by the end of this year this joint venture is established buy Japanese financial giant SBI Holdings and San francisco-based FinTech are bringing in Ripple's Enterprise blockchain solution to cross-border payments in South Korea and Japan to full expansion worldwide. Chief executive of SBI Ripple Asia Takashi Omits recently stated South Korea is one of the most active markets worldwide when it comes to blockchain Innovations trading digital assets with trade flowing in and out of the country totaling 960 billion dollars every year seeing a high-end growing demand for ripples functionalist payments solution in the country. SBI Ripple Asia is currently working on establishing Rising demand cross-border payments in Asia with Japan Taiwan South Korea and China. Last year in August SBI Holdings and ripple Asia launch the new banking blockchain in Japan to develop and test blockchain solutions for domestic and foreign exchanges. Japan's three major Mega Banks Symitomo Mitsui and Mizuho a mom with 60 other Regional Banks completed breakthrough money transfer using a ripple powered Cloud payment platform with a near instant 2 - 5 Second transaction time. There is also news over Ripple opening up another office in India. Now the ugly R3 The blockchain Inspired startup servicing Banks and financial institutions has filed lawsuit against Ripple according to the lawsuit Ripple and R3 had earlier entered into an agreement for R3 to be able to buy up to five billion Ripple-XRP tokens at price of $0.0085 each. The CEO of Ripple cancelled purchase contract via email sent to R3 CEO June of this year, in recent months Ripple has been rising near $0.22 each or higher right now Ripple sits 4th in total market cap behind Bitcoin cash.
Chart source coinmarketcap.com
making the purchase option worth over a billion dollars. Reason for this cancellation R3 did not fulfill its obligation to the agreement. Now looking at all this news about Ripple I believe that Ripple will soon take off and investors have nothing to worry about this lawsuit. I just think that it's time to buy it up it while it's still $0.20 to $0.24 before everything takes place and ripple takes off now is the time to bye a ton of it and just hold until all this blows over. I believe with ripple opening up a new office in India is going to have another excellent effect on it due to the fact that the amount of people that live there. I personally just investing in 10,000 Ripple and I'm holding. Thank you for checking out my post Vote Resteem Thank You and Steem On!
do you think 70 ripples is enough ? xD
Just keep them as a long-term investment and I mean 6 months to a year