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Ripple (XRP) Crypto News: Ripple’s Client dLocal Preps to Come Public

Ripple (XRP) Crypto News: Ripple's Client dLocal Preps to Come Public
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Today, we reported a massive amount of buzz taking shape in the coming period dLocal underwriting. Accordingly, investors interested in this offering may also consider the move as a major piece of news for the cryptocurrency Ripple (XRP).

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why is that?

Well, dLocal happens to be a ripple Client. For those unfamiliar, Ripple is the payments company behind the fervor XRP (CCC:XRP-USD) cryptocurrency. It also facilitates cross-border payments.

This is where dLocal’s IPO comes in. dLocal’s business model operates to provide cross-border payments services to its customers on RippleNet. In fact, Ripple is one of those unique cryptocurrencies in that it actually has the ability to create value through its business-designed design. I’ve been bullish on Ripple in the past for this reason alone.

However, seeing the success of dLocal highlights the value of Ripple. The prospect of dLocal raising more than $600 million in an upcoming public offering should be exciting for Ripple investors. In fact, dLocal’s high-profile client base including the likes Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT) And spotify (New York Stock Exchange:spot) talking about this. These clients primarily validate dLocal’s RippleNet-based business model.

These are definitely exciting times. Accordingly, let’s take a closer look at what the dLocal IPO means for Ripple investors.

Why is the dLocal IPO the Big Ripple (XRP) Crypto News

dLocal’s initial public offering has sparked a lot of interest from non-crypto investors in this crypto-based business. For those counting on a paradigm shift between what is seen as “investable” in the crypto world, this is a big step.

The fact that dLocal can be viewed as a high-quality investment opportunity by traditional investors is something that cryptocurrency enthusiasts should cherish. Once a marginal investment, crypto became mainstream. Indeed, for those holding XRP, this news is especially sweet today.

dLocal’s business model of providing low-cost cross-border payment services to high net-worth clients is certainly impressive. There is a real benefit being generated by dLocal. The main thing for investors to remember is that this value could not have been created without Ripple and RippleNet.

It’s okay to be skeptical in today’s crypto space. In fact, it is a speculative and overrated space to invest at the moment. However, there are pockets of investable value. Accordingly, Ripple and dLocal investors are hoping the broader market will see this IPO in the same way.

At the date of publication, Chris MacDonald did not (directly or indirectly) hold any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, and are subject to InvestorPlace.com Posting Guidelines.

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