In part, Ripple (XRP) adoption is mainly dependent on regulation. Reasons? Well, it is because Ripple as a platform is a conduit for value transfer. Since they are cheap and efficient manner, Ripple solutions can open up the world in ways like never before.
Efficiency and cost saving will be amplified if adopting financial institution incorporate XRP via xRapid that a Dan Morgan, the Head of Regulatory Relations at Ripple Inc said the product is yet to go live despite being commercially available after launching during the super-hyped Ripple sponsored SWELL Conference where Bill Clinton gave a keynote calling for supportive regulation.
Because regulatory clarity is a top priority, news that Bahrain is taking the lead and regulating digital asset ought to be good news for XRP. We must remember that Ripple Inc has a foothold in the Middle East and as Sharia-compliant; it has the support of the Saudi Arabia Monetary Authority (SAMA).