This week, Brad Garlinghouse, Ripple’s CEO, made an announcement at a Wall Street newspaper event in Davos, Switzerland, as part of the World Economic Forum.
The leader told the crowd at the event that he intends to make Ripple known to the public in the coming years, adding that he expects there to be a number of IPOs related to blockchains and cryptos in the next 12 months.
Some have been skeptical of the statement, others have been optimistic. A crypto analyst who tracks XRP closely, Hodor, explained in an old blog post why Ripple’s IPO could be a game-changer.
How Ripple Would Benefit From an ICO
(As a reminder, ICO is the acronym for Initial Coin Offering )
Last year, Hodor, who has not been active for a few months, had published a detailed article on Coil’s blog on how Ripple’s IPO could affect the XRP, the token with which it has narrow links.
First, he said that if the company issues shares on the public markets, Ripple would likely see a “significant” IPO, estimating that it will receive about $ 5 billion in cash capital – less than the The recent Uber IPO of $ 8 billion, the Facebook public tour of $ 16 billion and the sale of Visa shares of $ 18 billion in 2008.
New open doors for Ripple
Even if Ripple reported only 20%, or $ 1 billion, he would have a large reserve of cash on which to rely.
Hodor then pointed out that with this sum, Ripple could intensify its marketing:
With $ 5 billion, no possible amount of marketing is out of reach, and the era of Superbowl digital goods ads may be here.
He added that the sale of Ripple’s shares would also give the company greater ability to close more contracts and new acquisitions, with Brad Garlinghouse saying last year in an interview that acquisitions were a priority for his company when its capital is solid.
For those who wish to read Hodor’s post, here is the link: https://coil.com/p/Hodor/Scenario-Ripple-Goes-Public/3vhbFKIWB
Global expansion of the XRP payments network in 2020
Ripple announced the launch of its XRP-based cross-border payments solution worldwide in 2020. In its latest XRP market report, real-time payments company said it will add additional corridors for its product ODL ( On-demand Liquidity ) in certain regions, throughout the year. The regions concerned are: Europe, Asia-Pacific, Latin America, Middle East, Africa.
Opening of new corridors
To date, Ripple’s liquidity solution is fueling payment corridors between the United States, Mexico and the Philippines and is used by more than 20 companies, including goLance, Viamericas, MoneyGram , Interbank Peru and FlashFX .
The liquidity solution was launched at the end of 2018. Throughout 2019, the volume of ODL transactions increased by 550%, the number of transactions having increased by almost 300% in the last quarter.
According to Ripple, ODL has the potential to give banks and businesses a new way to free up capital. Instead of maintaining pre-funded bank accounts in different countries to facilitate quick local payments, banks and financial institutions can take advantage of the Ripple solution, with transactions completed in three seconds, while offering customers up to 60% savings.
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