As a seasoned researcher with years of experience in the dynamic world of cryptocurrencies, I have witnessed numerous twists and turns, triumphs and tribulations. The latest recognition bestowed upon Ripple by Juniper Research as the Best Cross-Border Payments Platform is indeed an impressive achievement, adding another feather to their already adorned cap. However, it’s intriguing how this accolade has failed to stir significant price action in XRP, a testament to the complex interplay of factors that influence the crypto market.
TL;DR
- Ripple received an award for being the best cross-border payments platform in 2024, adding to its track record of industry recognitions.
Despite the company’s accolade, XRP’s price did not chart any substantial gains lately, being negatively impacted by the latest developments in the Ripple v. SEC case.
In The Spotlight… Again
In 2024, Juniper Research, a company known for its comprehensive market research and strategic advice within the digital technology sector, presented Ripple with the highest accolade, the Platinum award, for their exceptional cross-border payments platform.
News about this topic sparked enthusiasm throughout the cryptocurrency community, with the XRP supporters being particularly enthused and vocal about it. Ripple also joined in, posting the news on their official X account.
Delighted to share the news that Ripple has been recognized as a Platinum Award winner in the category of “Best Cross-Border Payments Platform” at the Juniper Research’s Future Digital Awards for Fintech & Payments 2024!
— Ripple (@Ripple) October 8, 2024
This company has previously received a distinguished honor, namely:
Before that, Fortune Magazine had ranked Ripple as the 13th best workplace in technology for 2023. The business magazine reported that 94% of the company’s employees viewed it as an excellent place to work. Furthermore, 98% of new hires felt welcomed upon joining, and 96% showed confidence in the leadership team.
Additionally, Ripple found a place on People Magazine’s list of the “top 100 socially responsible companies,” joining other notable corporations such as NVIDIA, American Express, Deloitte, MasterCard, and many others.
XRP Price Outlook
Ripple’s most recent accolade has resulted in minimal fluctuations for its native token XRP. The coin has been steady around $0.52 to $0.54 over the past week, attempting but failing to regain momentum due to the ongoing court proceedings between Ripple and the SEC.
According to a report from CryptoPotato, the agency has challenged a 2023 court decision made by Judge Torres, where it was determined that the company’s XRP token secondary sales were not considered securities sales. Following this ruling, the asset’s value plummeted by double digits, halting the growth it had achieved at the end of September.
Despite a rocky recovery period for XRP, some analysts continue to maintain a bullish outlook. For example, the well-known XRP user Dark Defender stated that “nothing has been altered” for the company and its token following the most recent development in the legal dispute.
“The SEC appeal is a pure blunder and will separate the 1% from the entire population with a poor mindset. The price is not dependent on this lawsuit, as we analyzed before,” they added.
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2024-10-09 12:08