Eduard Watson

9 months ago

The 2018 bear market seems to have affected the interest of potential new investors although the most important projects have moved on with their developments and plans.

XRP has of course also been affected, but the good thing is that despite the market’s fall towards the end of 2018, Ripple continued to make massive progress on the two fronts of developments and adoption.

The company has been making a lot of moves on the path towards mass adoption, and this definitely helped XRP remain relevant despite the bearish trend from last year.

When things go great again, XRP will more than likely be one of the most popular crypto that investors will choose.

Launching an accelerator program like PayPal

The latest significant move that Ripple made in its strong campaign of promoting XRP is the launch of an accelerator program that supports enterprise and commercial companies that are planning to join RippleNet.

We’re looking at funding of about $300 million in XRP which will be rewarded based on rebates in trading volume and XRP market adoption incentive, Smartereum reports.

“With these volume rebates, members of RippleNet will be awarded a license along with an integration-fee rebate as soon as they reach the volume milestones. The rebates will be given based on the trading volume processed at the time of publication, and it would account for 50% to 300% of their first-year license and integration fees,” the online publication reveals.

The program’s main goal is boosting adoption

The program has the primary goals of encouraging XRP adoption and also to promote Ripple's innovative solutions.

It’s interesting to note that Ripple is not the first company that decided to launch such a program.

PayPal, the electronic payment giant, has also used this strategy in order to promote its adoption during its early stages.

Ripple could promote the use of XRP using this strategy because the incentive given is in XRP and not just fiat currency.

Smartereum also reveals that a source claims the test phase has been successfully completed.

People Mentioned

Justin Sun

Founder of TRON (TRX)

Coins Mentioned

Justin Sun

Founder of TRON (TRX)

Companies Mentioned

Justin Sun

Founder of TRON (TRX)

Justin Sun

Founder of TRON (TRX)

+ 1.45%
Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
SportBet.io

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
Binance

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
Kraken

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Top Exchanges
Icon
Binance

4.93

Read Review - Website

Icon
Kraken

4.10

Read Review - Website

Icon
Binance

4.93

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Trending news

Advertise

Trending news

Top Exchanges
Icon
Binance

4.93

Read Review - Website

Icon
Kraken

4.10

Read Review - Website

Icon
Binance

4.93

Read Review - Website

Icon
Gemini

4.85

Read Review - Website

Icon
Kraken

4.10

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Icon
7bitcasino

4.20

Read Review - Website

Top Sportsbook
Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Icon
1xBit

4.0

Read Review - Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

1366 Articles
7255 Followers