Experts believe that a possible Amazon and Ripple deal can boost cryptocurrency demand. The official view of both companies is still to be heard.
Amazon, the biggest e-commerce platform, is considering a deal with Ripple, according to British CryptoDaily. The biggest online retailer could be interested in XRP owing to the latter’s low-cost and rapid transactions.
Other than several experts who call such an agreement mutually beneficial, there’s no specific data that would shed light on the particulars of the agreement. If the partnership goes ahead, as pundits believe, it will spur demand after the digital money becomes accessible to millions of users.
Earlier, Brad Garlinghouse, Ripple’s CEO, talked about plans to develop XRP further and expand its utility potential. The company has promoted its technology in the banking sphere, yet the cryptocurrency lacks a practical component. In January Ripple invested in Omni startup that plans to use XRP in its business. Ripple has also struck deals with a number of exchanges, adding to coin’s liquidity.
Rumours surrounding Amazon Ripple deal would not uplift the coin value, something more substantial pointing to real facts should be in sight. Only then we could see XRP to pick up a quicker pace.