Ripple (XRPUSD)

[WiseYoda]

Ripple going public will only be a win for us because their native coin is XRP. Its going to generate a lot more interest in XRP as more people will start looking into XRP and will learn more about its utility. Everything changes when you’re a public company as more people talk and research public traded companies.

More will learn how XRP is the only crypto in the market thats not a security by a matter of law. Ripple will start publishing quarterly reports, which they already do, but market reports like 8k, 10k and the smaller reports will make them more transparent. This will legitimize Ripple and XRP even more as no private companies act like Ripple in publishing quarterly reports which is why they get scrutinized so much. If all crypto companies published quarterly reports everyone would shut up real quick about Ripple.

Also, a post market a surge in Ripples stock price would generate more interest in XRP. I believe such a scenario would lead to an upswing in XRP’s value. Should the stock price breach the $500 threshold, XRP’s price breaking back into dollars could be within reality.

I wonder how the would have to report the XRP they hold in escrow. Since Ripple doesn’t have access to those funds until they are released from escrow I don’t think they can put it on their balance sheet. An asset must be controlled by a company to be able to report it on its balance sheet as an asset.