Whats Going on with Ripple Currenctly? Where Ripple [XRP] is Heading?
Ripple (XRP) is been the most discussed and very hot topic nowadays since Many top organizations; institutions are partnering with Ripple for various reasons.Just Now, it is Central Bank of Netherlands’ Who shows their support for Ripple suggesting it as the “one of the significant innovations which can grow the efficiency of the payment system, with high speed and better service or cost savings.”
In a Research tagged Annex To The Vision On Innovations In The Payment System, the forum has revealed its opinion about Ripple.
The Statement says:
“The Ripple network protocol is an example of an innovation that could contribute to that change by enabling banks to use this infrastructure to facilitate real-time payments.”
The Netherlands Central Bank named De Nederlandsche Bank (DNB), mentioned about its Ripple blockchain technology which process faster and solve many current problems in industry. The bank compared Ripple with Bitcoin sharing their opion saying “Ripple is faster than Bitcoin and requires less computer capacity”
They announced:
“Banks are showing an expanding interest in the Ripple protocol. Alliance of the payment protocol will be allowing the banks for offering their customers the capability of transferring any amount of money in any currency to other institutions that use the protocol, without any third person. It would lead to cost savings for banks. As of now, one German and two American banks are using the Ripple network, while several other banks are working on it. The interest from the banking sector in accepting the Ripple network means its use could grow rapidly as soon as possible. It is therefore essential to monitor this development carefully and to be included in any levels that banks might need.”
Another news which is trending for the Ripple is about its donation to public schools.Ripple has donated $29 million of its own digital currency XRP to support U.S. public schools, as announced on Wednesday, 28 march 2018.
$29 Million donation is the largest contribution of virtual currency ever to a single charity. “Ripple employees benefited from quality educations and want to pay it forward,” says Monica Long, the company’s SVP of Marketing
Ripple is keep on adding new clients on weekly basis. Ripple is not just adding new clients but their clients are banks all over the world. As it is progressing, many financial institutions started using the Ripple protocol in order to transfer money from one part of the globe to another.
Current Ripple partnership includse number of financial institution like Western Union , Moneygram, IDT and Mercury FX, LianLian International, Monetary Authority of Singapore, Axis Bank and many more… All Ripple partner list here
What Ripple holds investment wise?If you want go for the short term, you should always look for to buy low.
It’s also worth paying attention to upcoming hype. Ripple’s becoming a brand so getting ahead of the news can pay off.
Long run wise you’ll need to pay close attention to the features and current applications of Ripple, and should know answers of some big questions about the future of the global economy and know all upcoming possible partnerships.
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