Bitcoin Forum

Saudi Arabia's central bank signs blockchain deal with Ripple

https://www.reuters.com/article/us-saudi-cenbank-currency/saudi-arabias-central-bank-signs-blockchain-deal-with-ripple-idUSKCN1FZ0LD

Will this news make ripple price to skyrocket $5?

Should we buy now?

Sounds great. I'm gonna sell if price pumps xD

Already read and other news that the number of banks attached to ripple increases. But at the same time the price for some reason keeps on the same level or does not grow very much, maybe someone just wants more investors. I should not think of buying a coin that is quietly controlled and does good only for yourself.

That's good news because they have big possibility that this month ripple will become $5 each.  So better to buy ripple now and for sure you earn big profit because this month ripplle will become very popular to the saudi arabia and to the whole world so that the rice will increase high. Those people who bought ripple when the price is very cheap or cents are now satisfied brcause they are now rich or earn a lot of profit.

Very nice news for ripple. thT investors did not trust the ripple anymore and everyone was very hurt. We will now see a price increase.
There is a huge investment potential in Saudi Arabia, they are very rich.

You should buy it now and then i will try to dump it when it reach peaks. This is not a good news if we are talking about the real purpose of cryptocurrency to provide the real decentralized thing and not try to regulate all of things in the crypto. Centralized currency just like ripple will have more and more partnership with banker.
Honestly that sucks how those are still buying that shit centralized currency. Banker thing ripple is not worth, but their system can be used in the future. The majority of bankers only interested on ripple blockchain and not with ripple itself.

I know, banks use only xrapid protocol for transactions. But somehow it effects ripple price also because investors invest in ripple token.

Will they be using the Ripple token or the Ripple network?  The wording suggests the latter, and shouldn't impact on the price except as news seeps out and people buy not recognising there's a difference.  From what i've read all interest from the banking industry is in the ripple software and infrastructure to join counter-parties securely, the coins aren't going to be bought and sold for a transfer.

Exactly! Everyone's got to remember that Ripple as a business enterprise and Ripple as a cryptocurrency are currently linked, but their success isn't really dependent on each other. Most of the news regarding banks we've seen so far signing up with Ripple are going to be using Ripple's technology, not necessarily and in fact not at all Ripple(XRP) tokens.

Even if XRP were to drop to 1 cent, Ripple as a company already has its business to rely on. Of course, I think it is in their interest to project a strong coin so $1 will be for me the bottom they will always inject into.

Very good news. I bought a ripple again  just recently. I hope that in the near future, growth will begin.

In many countries are looking for ripple because it supports only banking so it is not supporting to investors this is the major drawback of the ripple. But it will never drop in the market that reason is main advantage of this coin so all the peoples are investing in long-term investment. Definitely it will reach 5 USD in soon and some interesting advantages are available in this coin so market capitalisation is increasing constantly in the market.

This is a great news specially to Ripple coin holders like me  :). We can expect a price appreciation on Ripple on the coming months due to recent developments. It just show how people behind Ripple are working hard on their project.

Even more reason why i won't touch this garbage.
The banks never use the coins you buy, they are using a private network.
People in crypto getting excited over a banking coin which operates on a private network while we invest in what?

This coin just shows the lack of research that goes in from most traders.
This type of news would send any coin through the roof, Ripple = nothing.

Do you seriously think that it will rise to 5 dollars? Ripple grew in price as the team invested a lot of money in advertising. In the US, on prime time TV, they showed us how to buy Ripple in 5 minutes. Nobody used this technology. All bought because there was a lot of advertising, but please tell me which of you used Ripple, not only as speculation?

No that news probably won't make ripple $5 but buying ripple now is always good because it is really developing and expanding project. It is good for both short and long term.

It offers absolutely no value to it's investors, they are investing based on false information or misunderstanding, the coins you buy hold no value other than an investment in to a company who then uses another supply for it's clients.

I really don't get it, 100s of real use projects out there and people want to go for a project which they believe banks will use their same coins, buy up billions and increase the price, the banks are buying 0 of the ripple you buy, they are given a private ripple network with a private supply.

This is the only coin I bag out, if you want to invest in an institution coin go for one where they use what we use.

Ripple has absolutely no value to the crypto community, purely driven on hype and bs.
also to speculate growth like $5, this puts it's market cap higher than bitcoin, absolutely dreaming, $2.50 puts it higher in cap than one of the most practical coins out there being Ethereum, it has pumped to $3 before but it will never sustain a cap higher than Ethereums.

If you want to wait around for the next optimistic pump on a 44 billion cap shit coin then go for it, the rest of us will do better on real projects.

$5? that means up 5 times from the current price, to me very unreasonable. we know that ripple is busy partnering with companies around the world, but I think it would be useless if they did not do any real action. if only making partnership news, any project can make it.

this is good news because after this will most likely make the ripple value go up, buy it now before it's too late and you'll regret it

If you read your link, it doesn't involve Ripple as a currency - it involves their other software. The article said that Saudi was gettiung help from Ripple to create their own digital currency.

The bank only signed a contract to test foreign exchange new techniques To determine the quality of it , but did not participate to purchase Ripple .

Unless the bank,or other investors, actually buy into Ripple then price will not increase. Only buying and selling of currencies create demand ,or lack of it , to affect underlying price.

I would higly recommend to hold it for a longer time. Best is to forget about for next years, but it's hard to accomplish that when price surges.

Now Saudi Arabia, the other day UAE Exchange, and Western Union i think need to stock this coin now and maybe it will up to 5$.

Yes i agree with you RIpple may reach $5 soon. You say Central banks? Yes i agree on that Ripple has big partnership soon and that's how it reacts the market. I hope all central banks will merge to blockchain and one of their partnership is Ripple.

Yes. Everyone should consider buying it even before the support from Saudi's central bank came because ripple is a really promising coin. And because of the support that will be given and could affect the price. This support from Saudi can be a cause of a skyrocket to Ripple's value.

Good points, I share same observation as you do. Ripple would not get to $5, that speculation is based on uninformed sentiments and no technical facts.

Despite the fact that Ripple has a lot of good news, but for some reason we do not see its growth, although it is expected to be stormy.  ??? ??? ???

But still ripple as a company has been making pilot projects and deal with various banks and money transfer companies like Money gram . Now a test pilot with Central bank in a country where there is a lot of cross border transfer doesnt sound bad.

Banks make a deal with other banks :)
Ripple is steal a good investment if you buy now. In this stage for investor is not that important if Ripple is centralized or decentralized.
It's more important if banks can boost the price up. For making profits that what's important. Nevertheless Bitcoin will pull his price up anyway.

Good to hear that. If it works with Saudi banks and exchanges will be better for migrant employee to transfer their hard earned cash in low cost and time.

Ripple is really on the roll!

Its good for Ripple, I think I need to buy some of their coins, perhaps it will increase its value since Saudi Arabia is a big country and if it will support Ripple and it will be a big bloom for it, don't forget that Saudi Arabia is also prosperous country to begin with.

This is one of the best posts I have ever seen, Ripple is a shit centralized scam and needs to die out and crash to zero.

this is good news, I do not want to waste this oportunity, I'm sure the value of ripple will be higher so now is the time to buy more

It's sounds interesting, I should buy ripple if I have extra money because we never know the future of ripple. We might win or lose but holding in a long run is great idea.