Put simply, Ripple and XRP both have a huge impact on the global payment industry as a whole. A similar message was said by the founder of TechCrunch, Michael Arrington who recently said that it is possible to shift $ 50 million worth of XRP is only two seconds at the price of just 30 cents.
Arrington believes that XRP is not only fast but cost-effective too. This isn’t the first time that the founder of the digital assets management firm has expressed his glowing opinions on Ripple. In August this year, he spoke to a news outlet in South Korea and said that XRP is a strong contender for a base currency for hedge funds due to its efficient, cheap and ‘fantastic’ nature.