A recent acquisition by Ripple has sent ripples through the crypto world, as the company acquired Hidden Road, a major prime broker handling over $10 billion in assets and processing millions of transactions daily. This strategic move fuels speculation about XRP’s potential for mainstream adoption, fueled by the promise of faster, cheaper financial operations.
Ripple’s purchase is poised to significantly impact XRP’s utility, as it shifts large-scale financial activity from traditional, slow systems onto the XRP Ledger. What makes this deal so significant?
Hidden Road’s existing infrastructure operates within a system of delays and inefficiencies – but the XRPL offers near-instant settlements with minimal fees, catering to institutional clients. This acquisition is a strategic move to prove the effectiveness of the XRP ecosystem in real-world settings where speed and efficiency are paramount. Experts predict Ripple’s success as it could pave the way for significant increases in adoption, potentially pushing XRP’s price towards $100 or even higher.