Ripple announcing Swell Conference

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ripple swell

On 24th August, the well-known financial blockchain – Ripple – has announced that between October 16 and 18, they will host a conference in Toronto. Swell: The Future Is Here is where the leading banking institutions will meet and see how they can integrate with the Ripple network and what is the future of changing.

ripple tweet

Between 21 and 23 August, the Ripple XRP price increased more than 50%. The increase was primarily observed on some South Korean exchanges where more and more investors started to be interested in the XRP token. Some people think the increase in price was due to some cryptic messages posted by Ripple a few days ago, where they would announce something big. The community was hoping for some new partners or a new technology where Ripple could be integrated, but they were wrong.

However, Swell: The Future Is Here is an interesting event, first of its kind for Ripple and the keynote speakers are amazing. Firstly, there’s Sir Tim Berners-Lee – the Inventor of the World Wide Web and the guy we should thank for that we have internet now. He’s one of the most notable figures of our lifetime. Secondly, there’s Dr. Ben Bernanke – Chairman, The Federal Reserve System ( 2006 – 2014 ), an expert of the financial institutions and the Author of “The Courage to Act”.

Ripple Swell Conference

But the community was expecting more. After the growth in value, the Ripple price began dropping a few hours later – loosing 21% in less than 6 hours. On 24 August at 14:00, Ripple was valued at $0.289. In just an hour, the price went down to $0.262 and continued to fall until a $0.219 on August 25th.

ripple price down

Another fact that it’s interesting is the fact that Swell is hosted in Toronto in the same range as Sibos, the Swift flagship event. A bold move made by Ripple given the fact that Sibos has been running for almost 40 years and will gather at least 8000 people this year. Ripple made pretty clear their rivalry with Swift. However, a good think that may happened would be Ripple and Swift working together in order to improve the banking system. Their competition is quite good for us anyway, it brings a change in the dusty international banking system.

A question that stays in some Ripple XRP fans is: Why is Ben Bernanke there? There are two possible reasons. Firstly, he was paid to be there or the second one – Ripple may win a contract with the Federal Reverse to improve the speed of their payments. In case of this, Ripple may overtake Ethereum in market cap in a few years. These are only speculations that Ripple fans and investors hope to be true. But Swell isn’t really about this – but to present the Ripple idea to new people and get more banks to be interested about Ripple. Furthermore, Swell is based on invitation only – with only exclusive bank members invited.

Even though the Ripple price is going down and the community is disappointed, this is one of the best news about Ripple I’ve heard in the past months. And maybe this conference could be the place where Ripple would announce something new.

6 Comments
  1. Rick Gilhousen 4 months ago
    Reply

    Where can I buy these ripple coins or stocks I can’t find any where to get it and Dow here in the states if they have it listed on eBay they want so much for them crazy 5000% over there value I want them bad but not buying them for that price those ppl want to get rich off of me not happing they can take there chances like will buy low and wait and hope you make some money off of your investmen but I want in for the long run not interested in the money part for my kids but I won’t pay that kind of money maybe you can help me with this I’m very interested Rick

    • Steven 4 months ago
      Reply

      I bought mine on kraken.com and then I stored them in the Rippex wallet.

      • Piroska Budai 3 months ago
        Reply

        Hi Steve!

        Can you tell me where can I open Ripple walet, because I bought them on Kraken, but I do not know how I can moove the to any walet.

        Thank you for your help!
        Piroska

        • ahmadderar 3 months ago
          Reply

          Hi Piroska
          Choose Wallet from this article
          https://www.ripplecoinnews.com/best-ripple-xrp-coin-wallets
          after that, Get an address from your Wallet. send the XRP from Kraken to the address.
          Let Me Know if you need more help

          • Piroska Budai 3 months ago

            Hi Ahmad!
            Thank you very much for your answer!
            I will try it and I will inform you soon!
            Have a nice day to you!
            Piroska

  2. CY 4 months ago
    Reply

    Only speculators expected a quick gain were disappointed with the announcement. Most of the ppl in ripple community are long term holders, the community recognized ripple’s effort, the community is not disappointed.

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