Folks, today I have got some interesting news on Ripple XRP.
Though the investors are disappointed, this is the best news that has come from Ripple since months.
Ripple has announced Swell: The Future Is Here Conference which is to be held in Toronto between October 16th and 18th, 2017.
The Conference could be a place where Ripple will announce plans of expansion and technology integration.
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Swell Conference is where leading financial institutions will meet and see how they can integrate with the Ripple Network and know what is the future of the traditional Swift Money transfer.
On the 22nd and 23rd of August, the Ripple XRP price increased more than 50%.
The reason for the increase was the South Korean investors who started gaining interest in the XRP token ,also, the investors were expecting some new tie ups or some new technology where Ripple could be integrated. However, this did not come through and they were disappointed.
Swell: The Future Is Here is an interesting event for Ripple where prominent speakers like, Sir Tim
Berners Lee - The Inventor of the World Wide Web, whom we should be thankful to for the presence of the internet today, will be present and the other speaker, Dr.Ben Bernanke - Former Chairman of The Federal Reserve System, an expert of the Financial Institution will be there too.
Ripple has made a bold move in hosting Swell in Toronto where Sibos, the Swift flagship annual conference will also be held.
Hence, by doing this, Ripple has made intentions clear of rivalry with Swift, which has been running for 40 years now.
The investors would certainly like to know how Ripple can to do away with the Swift System and also make any announcements of joining Swift in upgrading the system of fund transfer from one border to another in quick time.
Moreover, Swell is by invitation only where bank members are invited.
Bank members from SBI Remit Asia Pacific ,YES Bank ,Axis Bank are a few who will be attending however the final list of bank members is expected to be announced by September ,12 2017
Even though investors are disappointed about the prices going down, this event which is the first since months can come as a boost for Ripple XRP.
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