• Bitstamp, a Luxembourg-based cryptocurrency exchange, has teased an upcoming XRP-related announcement.
• The XRP community is making guesses as to what the announcement could be, with speculation ranging from full XRPL integration to Ripple’s minority stake acquisition in Bitstamp.
• It is unclear what the actual announcement will be, but it will likely affect the price of XRP.
Bitstamp Teases Big XRP Announcement
Luxembourg-based cryptocurrency exchange Bitstamp has dropped a teaser concerning plans to drop a major XRP announcement soon. On August 2, this exchange posted a tweet with the caption “tomorrow” and added XRP-related hashtags which include XRP Ledger (XRPL). The tweet contains a short video clip that hints that it is about to take XRP to the next level.
What Could Be Announced?
Some members of the XRP community have made guesses about what the announcement could be. Per analysis, the “so-called” announcement could likely set the asset up for a price surge. However, it failed to disclose the development that should be expected by the XRP community today. This has created a situation for users to make guesses such as full XRPL integration into its platform or DEX connected to order books.
Relationship Between Bitstamp & Ripple
Bitstamp is known for having a partnership with Ripple by acting as a gateway for the blockchain company. It has been granting clients entry into RippleNet as a partner for Ripple’s On-Demand Liquidity (ODL). As previously reported, Ripple and other whales have been moving a huge amount of XRP recently which suggests some sort of connection between them and today’s possible announcement from Bitstamp.
Ripple’s Stake Acquisition in Bitstamp
Another user identified as “wEeZiE” stated that Bitstamp has operated as the gateway to facilitate access to the Ripple network and suggested that this teaser may relate to Ripple’s recent stake acquisition in European crypto exchange Bitstamp which will help further grow its international presence and diversification beyond payments.
It remains unclear what exactly this major announcement from Bitstamp regarding its partnership with Ripple could be but whatever it is, it will likely affect both companies and potentially have an impact on prices of other cryptocurrencies like Bitcoin or Ethereum too!