Ripple (XRP) continues their campaign towards public acceptance for cryptocurrency with another major milestone. In a recent update, Apple’s, Inc. (NASDAQ: AAPL) iOS Stocks app included XRP price listings alongside traditional stock and asset values. Ripple continues to be one of the most integrated blockchain projects with financial institutions – making them an ideal test bed for projects like this. In addition to a public relations blitz that saw major donations to several charities, Ripple has surpassed most other cryptocurrencies to become a household name.
Ripple’s working partnerships with Western Union, Santander and a dozen smaller banking firms show that they are committed to real world integration – not just ideals. While Bitcoin remains a dominant force in the cryptocurrency industry, Ripple may just supplant them as the most used digital currency. Bitcoin may remain the investment of choice for the average cryptocurrency investor, but the Ripple payment protocol is fast becoming the platform of choice for banking networks.
Real Time Price Information on iOS Stocks
The addition of Ripple to iOS Stocks is a welcome surprise, but the decision to list XRP first is sound. Apple and Ripple are working together in other venues, and XRP is an important value for many banking institutions. For Ripple, this is a huge win that cements their status as a business friendly blockchain platform. The listing itself includes both value in ETH and BTC – which suggests that the app is preparing to roll out an entire cryptocurrency system.
The backend necessary to list XRP naturally fits other cryptocurrencies as well. Tracking the values of ETH and BTC to compare against XRP is only the first step in a broader cryptocurrency market system. While the addition of XRP does not mean that iOS will become a full featured crypto-price tool, it is certainly a positive indicator in that direction.
Apple and Ripple’s Prior Partnership
In early May of 2018, Apple announced that they would be integrating Ripple’s Interledger software with the Apple Pay system. Interledger is one of several Ripple products aimed at speeding the process of transfers between disparate institutions. Financial back-end software is due for an upgrade, still requiring days to transfer funds from one bank to another. RippleNet and Interledger both are designed to fill that niche, and integration with Apple Pay is a logical move.
As Ripple continues to move forward, high profile partnerships are already becoming the norm. There is a reason that Ripple is succeeding where other digital currencies find themselves floundering – their product not only exists but proved itself dozens of times over in many applications. Between philanthropy and smart business tactics, Ripple positioned itself perfectly to lead cryptocurrency into mainstream applications.
Article By: Adam Stone
