Hello Everyone!
Ripple, the company, will be one of the most valuable companies in the years to come. Like anything, we can't look into a magic crystal ball and see into the future. But we can read and research and make an educated guess. In my previous blog, I stated that without Bitcoin we would not have the path to scale and improve on an already groundbreaking technology, movement, philosophy and financial politics.
Why is Ripple a, what I think is, a sleeping giant?
Ripple already has 100 or so banks backing them up and about to go live with the xRAPID, Xcurrent and Xvia technology.
"xRapid is for payment providers and other financial institutions who want to minimize liquidity costs while improving
their customer experience. Because payments into emerging markets often require pre-funded local currency accounts around the world, liquidity costs are high. xRapid dramatically lowers the capital requirements for liquidity." ( www.ripple.com)
"xCurrent is Ripple’s enterprise software solution that enables banks to instantly settle cross-border payments with end-to-end tracking. Using xCurrent, banks message each other in real-time to confirm payment details prior to initiating the transaction and to confirm delivery once it settles. It includes a Rulebook developed in partnership with the RippleNet Advisory Board that ensures operational consistency and legal clarity for every transaction." ( www.ripple.com)
"xVia is for corporates, payment providers and banks who want to send payments across various networks using a standard interface. xVia's simple API requires no software installation and enables users to seamlessly send payments globally with transparency into the payment status and with rich information, like invoices, attached."( www.ripple.com)
Hopefully, this gives you a litte more insight into what Ripple, the company, has to offer for the future of the banking industry. I know that I am excited to see how this revolutionary technology changes how we see and deal with money.
Until then,
Crypto Lamb