XRP Payments To Reach Stores Soon Amidst Bullish Predictions For Ripple’s Coin’s Price

Ripple has been witnessing enhanced adoption of its products, and XRP has also been seeing more users. You may already know that one of the greatest supporters of XRP adoption is Wietse Wind with its XRPL Labs.

Ripple has also been boosting the adoption of XRP, and now the coin could see even more use with the help of a financial institution.

SBI to integrate XRP with MoneyTap

SBI is working at the moment to create in-store XRP payments, and the company plans to do this with the help of its remittance app, MoneyTap.

It’s been reported that the application is set to use QR codes in order to offer users a seamless, instant way of paying for products and services with the help of XRP.

According to SBI, they will be testing the app at a Tokyo restaurant before they launch the service for retail customers. The plan is to achieve this by the end of this year.

The application is licensed by the Japanese regulators and it uses Ripple’s xCurrent for instant payments between 13 regional banks, says the Daily Hodl.

SBI plans to roll out MoneyTap to a banking consortium that is led by SBI Ripple Asia that’s comprised of 61 banks covering more than 80% of all banking assets in Japan.

XRP price prediction

XRP still has to mirror the achievements of Ripple and the latest predictions about the coin’s price are bullish.

The most recent price prediction comes from Weiss Ratings.

Smartereum reported that according to Weiss Ratings, “the price of XRP signaled a breakout on May 14. This, in their view, could mean the major digital asset will have enough momentum, which will see it mount a serious price push if it can succeed in breaking the $0.48 position.”

At the moment, XRP is trading in the green on CMC, and the coin is priced above the $0.45 level.

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