As per the recent reports doing rounds in the world of crypto community, the Ripple community is under the talks for finding a new base in Dubai, which is a popular spot in the Middle East.
Although the news is not yet confirmed by the official authorities, a future crypto event that will be organized in the coming week has been set up majorly to discuss the effects of RippleNet and Ripples xCurrent with the wide network of banks that will be present at the event.
As per the official website of Ripple network, “The decentralized network of banks across the world is over 100 strong. Next week in Dubai, members of the network will meet to forge new connections and discuss how they use Ripple technology — sharing lessons learned and best practices.”
According to this, we can safely presume that the authorities from reputed banks are coming together to view the working of Ripple Technologies and eventually if the plan works out as per their understanding XRP aka Ripple will be presented as a possible currency to speed up the transactions across various countries and banking networks.
Dubai is well known for hosting all the respectable institutional investors and this time an array of hope makes us believe that they would be interested in this strategy, which helps them conduct financial banking without incurring any glitches in the system.
However, these theories are all speculation-based and are intended to happen eventually in the near future. Hence, the changes will be effective in some time and not immediately. If the strategists who are working out to appease the influential investors and banking networks fail to convince them, then it may be possible that XRP wouldn’t launch its network or services across Dubai.
How many of you think that Ripple will be a huge hit in UAE? Let us know in the comments section below!!