Popular XRP 2024 Predictions Worldwide

Bittime - Ripple is focused on global expansion in Asia, Africa and Oceania through strategic collaborations, including with SBI Holdings and Onafriq. This is the complete description!

Ripple's main focus is in Asia

Ripple's main focus is in Asia, mainly due to its long-term collaboration with SBI Holdings. This collaboration will allow XRP to be used for remittances between the Philippines, Vietnam, and Indonesia, as these countries have grown to become the largest recipients of remittances in the world.

Additionally, the Monetary Authority of Singapore granted a Primary Payment Institution license to Ripple. This will help improve their services across the country.

Popular XRP 2024 Predictions Worldwide

Tokenicer recently reported that Ripple has expanded the use of its digital asset, XRP, worldwide. This ends the debate about Ripple's durability, versatility and feasibility, especially lawsuits in US courts.

Read Also: Vitalik Buterin: Ethereum Technology Improves, Transaction Fees Fall!

XRP Targets Africa and Oceania

Africa is also an important area for Ripple, especially when it comes to strengthening its pan-African payment system. By working with Onafriq, he seeks to improve remittance capabilities within and outside the continent. 

This is especially important in areas where the majority of the population still does not have access to conventional banking services.

Ripple Central Bank Digital Asset Research

This research emphasizes new partnerships emerging in regions such as Europe and South America. In an effort to improve the way of financial transactions, the Bank of Colombia has trialled its Central Bank Digital Asset (CBDC) on the Ripple platform.

Conclusion

With a primary focus on Asia especially through a long-term collaboration with SBI Holdings, Ripple continues to strengthen its position in the global market through various strategic initiatives and collaborations. 

Ripple's efforts to enter Africa and Oceania demonstrate its commitment to increasing financial access in areas where it has not. 

Additionally, as demonstrated by research on Central Bank Digital Assets (CBDCs) in South America and the granting of a Major Payment Institution license by the Monetary Authority of Singapore, Ripple seeks to become a major player in the transformation of global payment systems. 

Predictions indicating that XRP will become more popular worldwide by 2024 indicate Ripple's future growth potential.

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