Ripple Swell Day Two Concludes but XRP Drops Nearly 15%

Ripple Swell

The 2018 Ripple Swell conference concluded its final day yesterday. The two-day annual event put on by Ripple was held in San Francisco, California this year.

Day one of the Swell conference kicked off with a Q&A with none other than the 42nd President of the United States, Bill Clinton. Ripple’s CEO, Brad Garlinghouse, then spoke and delivered the opening remarks of the conference.

“It’s about the opportunity to be a builder—to partner with industry and enable something that hasn’t yet been seen: the dawn of another era in globalization,” Garlinghouse said in his opening speech about Ripple and the Internet of Value.

Global regulatory policies were the main discussion of the rest of day one, and it concluded with a short concert by the Counting Crows.

Ripple Swell Day Two

Swell day two kicked off with Ripple’s Chief Market Strategist Corey Johnson, who discussed proprietary research into payment trends and the adoption of blockchain and digital assets.

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Global regulation seemed to bleed into day two, as the next discussion was about cryptocurrency regulations led by a group of executives from companies around the world. The former Chief Product Officer at eBay, R.J Pittman, led the third discussion about the ‘Future of Commerce.’

Daumantas Dvilinskas, CEO of TransferGo, held a flash talk after lunch about his company and how they are solving the cross-network settlement problem across the globe. The CEO states that his product has “transformed people’s lives” by providing free real-time cross-border transactions.

Dvilinskas explained, “We just launched our first xCurrent transactions from everywhere in Europe to India through a partnership with Access Bank. Ripple helped us build and manage this relationship.”

The conference sessions concluded with a session held by five industry experts on the big questions around digital assets adoption within the financial services industry. Ripple concluded the Swell conference with an award reception.

>> xRapid Expands into Commercial Production with RippleNet

XRP Price Movement

Despite the positive two days at the Swell conference and promoting RippleNet, XRP hasn’t been positively affected in the slightest. Quite the opposite actually.

According to CoinMarketCap, XRP is currently trading at $0.526 a coin, down -6.01% in 24 hours. In the last 48 hours, XRP has dropped nearly -15%.

Featured Image: Depositphotos/© valphoto

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