eToro and Ripple close to a partnership agreement. New important collaboration for the XRP company.
According to the sector press, Ripple could be very close to getting another important partnership agreement, this time with the broker eToro. The broker's managing director, Yoni Hesse, he revealed it after the conference Fintech in France, where he discussed it with Brad Garlinghouse, managing director of Ripple.
According to Yoni Assia, “as a fintech company, it is very important for us to foster relationships with others fintech companies. Obviously, we are one of the largest trading platforms on XR, so we are very interested in establishing a relationship with Ripple Labs and understanding what we can do together. "
We remember that eToro is one of the most famous international brokers. Headquartered in Tel Aviv, Israel, it offers trading options for the best cryptocurrencies, including BTC, XRP, XRP, ETH, among others. Its CEO and founder Yoni Assia is a supporter of the technological expansion of the blockchain and is optimistic that technology can change asset management, as all assets will soon be digitized to enable timely transfer globally. Unlike the current wealth management method, Yoni believes blockchain technology will change things forever.
The top manager of eToro he stated that "today, when you buy a specific asset in your bank, it is very difficult to move that asset out of the bank. So, whether it's the mortgage loan or whether it's stocks or bonds, it's not so trivial. Especially not abroad. So by definition, you can't tell your bank, "You know what, give me my Apple shares." That asset will not be immediately transferable. You can tell them: "Move it to another financial institution". The biggest difference in token activity is that you are able to transfer it to your potential portfolio. And this means that I am much faster".
We recall that, of course, this is certainly not the first partnership in the industry for Ripple, which can for example boast collaborations with Bittrex, Coins.ph, Bitso and Bitstamp. Ripple reported earlier this year that it has over 200 institutional clients worldwide. He also recalled how partnerships like this have always favored the price of Ripple's XRP token.
In this sense, the partnership with eToro should not be an exception and XRP could soon go back to second place among the most capitalized cryptocurrencies ...
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