Amazon’s $5 Billion XRP Deal with Ripple: Expert Breaks Down the Reality
Rumors of a mega-deal between Amazon and Ripple are swirling again—this time with a staggering $5 billion price tag attached. The crypto sphere is buzzing, but what's the actual substance behind the speculation?
Decoding the Headline Hype
Experts are quick to dissect the viral claim. The figure itself—$5 billion—raises immediate red flags for seasoned analysts. That sum represents a monumental commitment, far beyond typical enterprise pilot programs. It's the kind of number that moves markets on whispers alone, which is precisely why verification is critical.
Ripple's enterprise play has always focused on liquidity and cross-border settlement, a space where Amazon's logistics empire could theoretically see value. But a deal of this alleged magnitude would be less a partnership and more a tectonic shift in corporate treasury strategy.
The Verdict from the Front Lines
The consensus from industry watchers is one of extreme skepticism. No credible evidence or official sourcing has emerged to back the claim. These cycles of rumor and denial are a familiar pattern in crypto—where a headline can be worth just as much as an actual contract, at least for a few volatile hours. It's the financial equivalent of shouting 'fire' in a crowded theater and then selling tickets to the exit.
Until Amazon or Ripple break their silence with a formal announcement, treat this as market noise. In the world of high-finance speculation, sometimes the most valuable asset is a healthy dose of cynicism.
Expert Clarifies Rumors Of Amazon’s 5 Million XRP Deal With Ripple
In an X post, Crypto Sensei addressed whether rumors that Amazon struck a 5 million XRP deal with Ripple were true. The rumors surfaced as Kendra Hill claimed that Ripple’s endgame is to run the entire derivatives market using the altcoin and that the cross-border transactions are simply a test.
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However, crypto Sensei noted that there is no public evidence of Ripple’s 5 million XRP deal with Amazon and that there has been no public announcement from the crypto firm. As such, the expert remarked that this rumored deal remains pure community speculation.
Meanwhile, he explained that Hill’s core claim was that cross-border payments are just a testing ground and that Ripple ultimately intends to use XRP to process 100% of the transactions on the global derivatives market. Notably, the global derivatives market is said to be a trillion-dollar industry, meaning this MOVE could boost adoption significantly.
Meanwhile, as to how a rumored Amazon relates to this, Crypto Sensei explained that a screenshot of an old Amazon partnership had resurfaced. Furthermore, Hill had allegedly claimed that another partnership between the two firms has yet to be revealed. Amazon’s AWS had, in 2020, revealed that it was integrating Ripple’s payment system for its rewards program.
Crypto Sensei also mentioned that Ripple’s CTO, David Schwartz, has stated that there is no evidence that Amazon owns this amount of XRP. There is also no evidence on the XRP Ledger that the company holds this amount in escrow.
Major Adoption News For The Token
In an X post, Hex Trust announced a partnership with LayerZero to launch wrapped XRP (wXRP) across multiple networks, starting with the Solana network. This is expected to boost the altcoin’s adoption as it gains new holders and new liquidity flows into it. Hex Trust noted that the wXRP is designed for DeFi use across these networks.
Related Reading: Ripple Secures 4 Groundbreaking Wins That Mark An Exciting Phase For XRP
The firm has launched this Wrapped XRP with over $100 million in Total Value Locked (TVL). Hex Trust also explained that the wrapped token’s utility is that it makes it easy to trade XRP alongside Ripple’s RLUSD stablecoin as a trading pair on supported chains. As such, the firm believes this move could expand liquidity and utility between XRP and RLUSD. Notably, there are also plans to launch this wrapped token on ethereum soon.
At the time of writing, the xrp price is trading at around $2.03, up in the last 24 hours, according to data from CoinMarketCap.