Ripple’s [XRP] continues to build partnerships – BBVA Compass next on the list

March 15, 2018

Ripple [XRP] has been covering the headlines ever since the giants like Moneygram, Fleetcor and Western Union favored Ripple’s xRapid ever since their declaration publicly.

BBVA, the Spanish banking giant released a statement:

“Our recent crypto tests involving Ripple have been successful.”

BBVA Compass

BBVA Compass aims to create opportunities for a brighter future by understanding that every individual and company has unique dreams and ambitions, needs and wants. It is the second largest bank in Spain and was formed from a merger of Banco Bilbao Vizcaya and Argentaria back in 1999. They have tested XRP successfully which will facilitate cross-border payments between various countries within Europe and Latin America. These regions possess a good economic presence for the bank and will contribute majorly to digital development.

The BBVA representatives mentioned regarding the tests of money transfers which took place smoothly with every transaction taking only a few seconds to complete. As many South American nations are still confined using the same financial infrastructure from 70’s, most of them are open to this.

Onur Genc, BBVA Compass CEO discussed his vision in an interview recently:

“We think something really big is happening in this sector, and we want to be at the forefront. A successful string of moves can possibly catapult BBVA into the public eye within the US financial services sector.”

He explained his vision for the company and how BBVA plans to expand eventually within the US market. In recent times, a majority of the financial institutions are either downplaying cryptocurrencies or taking a negative stance.

The worlds 3rd best coin with the highest cap in the market is currently trading at a $0.714.

The Korean government and regulatory policies

Brad Garlinghouse stressed about regulatory issues in the Korean government policies in his recent interview.

He says:

“Having thoughtful regulations will help the industry mature,” Brad quoted in the interview answering to the audience.

“He said volatility in prices for cryptocurrencies is still being seen, globally which  is a reflection of earlier stages of market growth. I have no doubt in my mind that we will be continuing to need regulations to protect consumers and businesses.”

Arman Khan, a follower of cryptocurrencies commented:

“Altcoins are waiting for you, we love you Brad. Keep up the great work. I work for a bank and when i saw the use case for this last year i wad super excited and a game changer. Spread the word.”

Nick Simons, a Twitterati says:

“We’re all screwed!!!! XRP IS SCREWED. We all got absolutely wrecked. I’ve fallen for a pyramid scheme; I thought I was smarter than this.”

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