How Ripple’s Swelling Event May Determine Its Future Direction
Dubai is gearing up for the Ripple Swell 2023 event, scheduled for November 8 and 9. But why are expectations for this event higher than ever?
Ripple experts and community members are speculating heavily. Let's look at the most important predictions and estimates.
It could be an IPO and licensing announcement during the Ripple Swell event.
There have been constant rumors about Ripple possibly announcing an initial public offering (IPO). Despite the previous legal problems, the conference can be very interesting. A recent job advertisement for a Senior Shareholder Communications Manager reinforces this idea.
Read more: 3 important tips for writing a web job that will land you a job
Ripple's application for a Virtual Asset Regulatory Authority (VARA) license in the United Arab Emirates is also rumored to be on the cards. Given VARA CEO Henson Orser's presence at the event and Ripple's recent activity in Dubai, an official announcement is likely.
X (Twitter) user WrathofKahneman wrote:
This year's swell could be very significant. I don't know what might be announced, but there are options:
IPO VARA License CBDC Stablecoin/tokenization New Users(!) – After a year of silence we can get more details if #Ripple still considers itself a payments company.
CBDC and settlement with the SEC
Central banks around the world are focusing on digital currencies. Ripple can play a key role in this matter. It will be interesting to see what Ripple realizes and potential partnerships during the swell event.
Another prediction is a possible agreement between Ripple and the SEC. Maybe we will get some important announcements about this.
Although the Ripple Swell event is not specifically advertised, announcements during the event can have a significant impact on the price of XRP. As of writing, XRP is trading at $0.604355, down 0.31% in the last 24 hours.
Read more: How to buy XRP and everything you need to know
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