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Ripple Partner SBI VC jump-starts free XRP rewards campaign

The campaign will run for almost three months lasting from 23rd Aug to 29th Nov 2019.

One of the Ripple’s leading banking partners SBI VC has started a campaign in which they will distribute XRP coins as gifts to the existing and new account holders.

Yesterday, SBI VC Trade announced that they have begun a campaign for the account holders in which the bank will give XRP coins as a prize. The existing account holders can win up to 200,000 Yen worth XRP all depending upon the transaction money. Moreover, the new account holder will be gifted XRP worth 1,000 Yen soon after the account goes live.

The new account holders will have to open their account on VCTRADE to be eligible for winning XRP. The account holders that will be part of this campaign are the Neomova account holders. Besides, the more the transaction amount of XRP, the more chances to win maximum Ripple coins.

The campaign will run for almost three months lasting from 23rd Aug to 29th Nov 2019. The eligibility criteria for the users to be part of this campaign is; for winning XRP gift worth 1,000 Yen, users must have a Neomova account, VCTRADE account opening, and entry on the campaign screen.

Same criteria lie for those users who would be participating based on the transaction amount. The transaction amount varies, and so does the gift prize.

No.XRP Transaction AmountXRP Present Quantity
01.100,000 yen or more to less than 1 million yenXRP gift worth 1,500 yen
02.1 million yen or more to less than 3 million yenXRP gift worth 15,000 yen
03.3 million yen or more to less than 10 million yenXRP gift worth 30,000 yen
04.10 million yen or more to less than 20 million yenXRP gift worth 100,000 yen
05.More than 20 million yenXRP gift worth 200,000 yen

* 1 to 5 are the total transaction amount during the campaign period

Key Things to Notice about SBI Ripple gift campaign

Despite opening an account on SBI, if the users still don’t have one on VCTRADE, they would not be the part of the XRP campaign. If the users are unable to identify the e-mail address currently used in VCTRADE and SBI Neomobile Securities Department Store or Account Number that they had entered in the entry form, they will not be eligible for the campaign.

So, every user needs to make sure that they enter the correct e-mail address currently used in VCTRADE and SBI Neomobile Securities Department Store/Account Number. Also, the decision of whether the customer who entered is eligible for this campaign will be made by SBI VC.

Moreover, the clients would not have opened an account with VCTRADE by 5:00 pm on November 29, 2019; they will not be eligible for this campaign. It takes almost ten days from application for opening an account to completion, including screening and mailing. So, this is another point to notice, if you are willing to be the part of Ripple (XRP) campaign.

The goods receipt quantity and goods issue quantity are not subject to the transaction amount. Moreover, if the Company determines that any facts that violate the Company’s ‘Terms and Conditions’ are found; it will be excluded from this campaign. And also, if the account is canceled at the time of grant, users will not be eligible for this campaign.

A Good Push for XRP

As the campaign will last for three months, it will allow more users to enter and use the services of SBI VC and win XRP coins, and ultimately get to know about Ripple to a reasonable extent. More than winning, its a sort of an awareness campaign regarding cryptocurrencies and especially Ripple’s XRP. XRP being a core aspect of this movement will help boost the promotion of Ripple’s native coin in Japan (at least).

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There is no Official Deal Between RippleNet and Bank of America

One often heard comment is how no banks will ever use Ripple or XRP. The recent RUMORED addition of Bank of America to RippleNet seems to change that narrative significantly.

The RippleNet ecosystem connects hundreds of banks and financial service providers around the globe.

Bank of America Needs to Innovate

Getting more members on board remains an ongoing process. 

Participants of RippleNet will be able to benefit from Ripple’s technology, including the XRP-powered On-Demand Liquidity solution.

Rumor has it that the latest member to join the ranks will be none other than Bank of America.

This has not been officially confirmed by any sources, and may be a mere hoax.

Given this company’s position in the US financial industry, it would be a pretty big addition for Ripple if true.

To date, the company primarily noted big successes in Asia.

Expansion in the Western world has been relatively slow going, for some reason.

It would not be the first time that Bank of America and Ripple join forces for experimentation.

Both firms have successfully conducted pilot projects, albeit there were never turned into full-fledged services or products.

Given the evolving needs of customers, embracing innovative solutions is crucial for any financial institution. 

There could be benefits provided by RippleNet for BoA’s US-Mexico payment corridor, if it ever were to be implemented

If successful, an expansion to European markets is not out of the question.

All of rumored these developments paint  a very interesting picture for the future of Ripple.

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Ripple 2025: Long Term Investment Is The Best Option

  • Ripple by the year 2025 is going to rise to $4.50 with the average at $2.25, and the important prediction is XRP might mostly expect a downfall this year.
  • Ripple has managed to create a stand with a whopping ROI (Return on Investment) of 4,598.53%.
  • Cryptocurrency market watchers have concluded that XRP is favorable for individuals looking to invest for the long term.

Ripple is the most talked-about coin in the crypto sphere for its global adoption and the best in the class Blockchain network. Ripple is both a Digital coin and platform derived from the XRP ledger.

It is considered the most efficient of all the digital coin with faster transaction rates in its network and easy settlement option to its liquidity providers. The Ripple Blockchain is highly used in financial institutions, banking sectors, settlement options, DApps and much.

The network also facilitates RippleNet, which is an enhanced solution for payment providers and institutional bodies to connect global clients and make pave for peer to peer global transactions.

The Rank #3 holder in the digital coins, Ripple is more diverse in terms of application. Ripple is mainly used for three benefits which are the Low Commission currency exchange, which is the best feature for any individual to transact globally with the added advantage of faster transactions than the average crypto coins.

And the most speculative advantage of payment ecosystem where the individual or the user can create their own crypto coin on the ecosystem and can use the XRP Blockchain to facilitate the transaction. However, Ripple is not decentralized as its competitors, and the company itself owns more than 61% of the stake.

Ripple 2025, XRP is suitable for Long Term Investment

The market watchers have already predicted Ripple’s stand in the coming years and have concluded that XRP is favorable for individuals looking to invest for the long term.

XRP is currently having a market value of $0.27 USD with bulls holding the rally at an average of 2.21% and has gained significant proportions of 0.59% against BTC adding 0.00002842 BTC.

Ripple has market capitalization of $12,070,093,989 USD with 24 hour trading volume of $2,648,391,390 USD. The circulating supply of XTZ has reached 43,734,776,327 XRP out of its total supply of 99,991,083,433 XRP.

The maximum supply of Ripple is capped at 100,000,000,000 XRP. Ripple has managed to create a stand with a whopping ROI (Return on Investment) of 4,598.53%, which is a great figure. XRP scored an all-time high at $3.84 in the year 2018, and its least market value of $0.0028 in the year 2014.

Ripple by the year 2025 is going to rise to $4.50 with the average at $2.25, and the important prediction is XRP might mostly expect a downfall this year as per analytical charts, and later in the year-end, it will climb back with the average circling at $0.46.

XRP will rest on the support of $4 by the year 2025 if XRP gets global adoption and will happen if the development team behind Ripple is focusing on creating innovative projects and platforms for global adoption. Ripple is expected to rise year wise with new highs and reach the predicted level in 2025.

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Ripple (XRP/USD) forecast and analysis on February 22, 2020

Cryptocurrency Ripple (XRP/USD) is trading at 0.2777. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Ripple. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator stripes.

Ripple (XRP/USD) forecast and analysis on February 22, 2020

As part of the Ripple course forecast, a test level of 0.2860 is expected. Where should we expect an attempt to continue the fall of XRP/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 0.2410. The conservative sales area for Ripple is located near the upper border of the Bollinger Bands indicator strip at 0.3070.

Ripple (XRP/USD) forecast and analysis on February 22, 2020

Cancellation of the option to continue the depreciation of the Ripple will be a breakdown of the upper border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and closing of quotations of the pair above the area of ​​0.3100. This will indicate a change in the current trend in favor of the bullish for XRP/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Ripple (XRP/USD) forecast and analysis on February 22, 2020 implies a test level of 0.2860. Further, it is expected to continue falling to the area below the level of 0.2410. The conservative sales area is located is near the area of ​​0.3070. The cancellation of the option of falling cryptocurrency will be a breakdown of the level of 0.3100. In this case, we should expect continued growth.

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