“Mobile was Internet 2.0. It changed everything. Crypto is Internet 3.0.” – Gil Penchina
Popular money transfer service, MoneyGram, has recently received a nearly 200% increase in stock price due to the news that Ripple is investing $30 million in the company. Over the next two years, Ripple will also have the option to purchase another $20 million worth of shares.
MoneyGram will now officially use Ripple’s xRapid products to speed up the cross-border process – tremendously.
This public partnership is only the beginning of what is to come for cryptocurrencies. The fact that a world-recognized financial company is working with a cryptocurrency company further highlights why the future is indeed in crypto. I expect other major money transfer companies to follow suit.
Ripple, the company, and XRP, the asset, are two different things, but since both are so closely corelated, a significant move in Ripple affect the value of the asset. If you are invested in XRP, as I am, expect to receive unfathomable gains in your balance over the next few years. While the various crypto assets that do nothing dwindle away, valuable assets that solve real-world problems such as Bitcoin, Litecoin, Etherium, and yes, Ripple, will create millionaires and billionaires out of regular (but wise) people in the very near future.
Take the time to educate yourself on the technological future that we are already heading to. Tomorrow isn’t the time. The time is now.
Until next time,
Live Long and Prosperous.
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This website and its contents are solely opinion-based. The information provided does not constitute investment advice. Accordingly, due to the information on this blog only being of personal opinion and experience, it should not be considered professional financial decision advice. The ideas and strategies expressed should never be considered without first assessing your personal and financial situation, or without consulting a financial professional. My thoughts and opinions will change over time as I learn and accumulate more knowledge.