Speculations are rife regarding a possible partnership between Amazon.com, Inc. (NASDAQ:AMZN) and Ripple. In the recent days, Ripple has gained significant traction. In addition, Ripple has been used by a majority of the banks globally. Several other financial institutions around the world are using Ripple, which further justifies the reason why Amazon could start using it soon.
The crypto market recovery
According to many people in the crypto industry, the market recovery that was witnessed at the start of the years was likely to be phased out by the gold-craze. However, this did not happen.
Instead, the recovery has made the market even stronger and proved that it is not anywhere near to dying. The Amazon-Ripple partnership rumors only help to make the market stronger. Some of the high profiles companies that testing the use of Ripple are Santander, American Express Company (NYSE:AXP) and Mastercard Inc (NYSE:MA).
Fast transfers with Ripple coin on Amazon
While using Ripple, transactions as well as the verification, can be done much faster and instantly. This will help in ensuring that the ordered products are dispatched much faster.
Low price per coin for XRP
As opposed to many others, Ripple has a relatively low price per coin. This means that people will be able to buy it with a lot of ease and confidence. Consequently transactions with the crypto will be much higher. With the coin currently trading at about $0.61, many people will find it very easy to buy it so as to transact on Amazon.
With increased supply, volatility is much lower
Ripple has been recording an increase in supply. This translates to reduced volatility and boost confidence among users who may be afraid of losing their money when it suddenly loses value. Its supply can also be created with a lot of ease and further reducing volatility. With reduced volatility, Ripple will even widen its applications and there will be no problems in buying and selling using the digital currency.
Currently, Ripple is ranked third in terms of market capitalization. The crypto has some advantages over Bitcoin hence preferred by many investors. These include lower transaction fee, as well as the faster rate of executing the transactions. These reasons are making high profile companies seek partnerships with the cryptocurrency.