Ripple XRP – Ahead of problems, it is better to think of solutions. Or even device a better way of doing things in case the normal way of doing it becomes hard and unyielding. We have heard that the world’s population is increasing, and that in some years to come, things done with ease may become hard if care is not taken. The care that must be taken now is to move into decentralisation, blockchain technology. People are depending upon financial institutions, that billions of new people each year are accessing financial institutions for the first time ever. In India, over a billion new people are expected to be banked using bank over the next five years. This is making financial institutions see the need to move into something new by adopting a faster, nearly cost free technology to power their transactions.
The whole world is discussing cryptocurrency as a game changer, the new solution for transaction is winning accolades from far and wide. Like we experienced in the beginning of internet, cryptocurrency is surprising us with awesome characters and function. If people are not talking about seamless transaction, they will inundate you with smart contract, or tell you about the internet of values or even the lifetime war between digital coins or fiat currency. As awesome as these are, the cryptocurrency space is not complete without mentioning coins like Ripple.
Ripple XRP has long been in existence, serving fintech’s and doing cross border remitting in awesome ways. However, shortly after decentralization became the talk of town, Ripple surfaced and became an entity that cannot be do without.
Ripple, unlike other coins, have created more waves than calmness, the cryptocoin has had enough characteristics to show, to garner regards from all and sundry in the cryptocurrency market. It’s a fact that Ripple continues to win big in the crypto space, many of us are not aware of its beautiful performances in the market.
A little About Ripple
Ripple is becoming popular for providing one frictionless experience to send money across border with the grandstanding power of blockchain. The use of Ripple’s global network, fintechs are able to satisfy customers with on the go transaction to anywhere in the world, reliable and cost-effective.
Banks and remittance firms are deploying Ripple’s digital asset, XRP, to finance their payment to achieve reduced costs, and fast payment settlement.
Ripple is based in Francisco, New York, London, Sydney, India, Singapore and Luxembourg, with over 100 fintechs as customers around the world.
Ripple’s Expansion is Imminent!
Like Oliver Twist which asks for more, Ripple is also doing the same. The firm is collaborating with small and large firms, including prominent banks and central banks. No wonder the CEO has said in the next five years, Ripple would have partnered over half of the world’s top banks.
While other coins are running away from China due to stiff regulations, Ripple is aiming at coasting the whole of Chinese enclave with its beautiful tools designed purposely for remittance.
In the Gulf region, the like of Saudi Arabia, UAE, and even BankDhofar in Oman are partnering with Ripple for efficient cross border transaction at reduced cost.
xVia Gaining more Adoption
Ripple tools are one in town, they cannot be compared with any known blockchain tools deployed as of now. xVia, one of Ripple’s prominent tools is gaining adoption and credibility around the world. In an announcement by Ripple team, 5 fintechs have signified it is adopting the awesome tool.
xVia according to Ripple, allows for financial institutions and businesses to easily send payments to and from emerging markets by leveraging the benefits of RippleNet, Ripple’s decentralized global payments network.
Using Ripple’s standard API solution, xVia gives room to firms, payment providers, digital wallets to send money in a twinkle of an eye.
Five new companies have shown interest in xVia’s standard API solution to power payments through RippleNet and access new markets, including emerging markets faster and more efficiently.
Ripple-Powered Santander App Is Awesome
After announcing a partnership with Ripple, Santander unveiled One Pay FX shortly after. If users send fund through the app, it would be delivered the same day if within Europe and the following day, if outside Europe.
“One Pay FX uses blockchain-based technology to provide a fast, simple and secure way to transfer money internationally — offering value, transparency, and the trust and service customers expect from a bank like Santander,” Ana Botín, executive chairman of Banco Santander declared shortly after it was unveiled.
“Transfers to Europe can be made on the same day and we are aiming to deliver instant transfers across several markets by the summer.”
Ripple Invests $25 Million to Drive Innovations Within Its Realm
Ripple has set aside $25 Million for innovations that will increase the potentials of interledgers and other Ripple tools. Ripple is thinking ahead, and so wants developments to stay ahead of others.
Ripple Supports America’s Public Schools with $29 Million XRP Donation
Ripple announced it has donated $29 million dollar donation in XRP to DonorsChoose.org to furnish schools and equip over one million students within America.
“As a company, we’re focused on removing the friction from cross-border payments to promote more inclusion and accessibility within the global economy,” Ripple team maintained.
“DonorsChoose.org applies the same principles of inclusion and accessibility to education. We’re proud to be working with DonorsChoose.org to nurture the next generation of leaders at public schools across America.”
Ripple XRP and Exchanges
Ripple XRP is getting listings on prominent exchanges day in day out. Few days back, SBI announced it is unveiling its cryptocurrency trade platform with top coins. The first thing that came to mind was that it would give XRP a preference for the fact that it has partnered with Ripple in gathering banks in a consortium for the testing of Ripple tools.
In the same vein, Koinex also revealed it has listed XRP on it platform.
“Ripple (XRP) has always been a crypto-crowd favourite because of its high liquidity and ease to transact. For the first time in the crypto world, Koinex proudly presents XRP-based trading market with 8 XRP pairs going live tonight.”
Conclusion: The wave of progress is always blowing around Ripple XRP. The Cryptocoin has many success stories to present than speculations and hype which are noticed in some coins.