Three of the world's top five money transfer companies will use Ripple's XRP tokens in their payment systems this year, the company said in a tweet this week.
"In recent months, I've talked to a few banks and payment providers. They plan to seriously consider xRapid (our XRP liquidity product. " said Ripple-CEO Brad Garlinghouse
"Ripple wasn’t designed to be a coin, or a normal cryptocurrency by the standard definition. While bitcoin and comparable cryptocurrencies give the value of the coin equal priority with network security, speed, and applicability, Ripple does away with the idea of XRP as any kind of investment asset and instead focuses on making the blockchain as strong as possible. This is primarily for the good of the institutional entities that Ripple serves, like American Express or Santander Bank. To achieve this goal, the Ripple Foundation created XRP but tweaked each traditional component of cryptocurrency into an almost unrecognizable state."
However, ripple is centralized digital fiat money, whichn give the bank the power to control the money as it already exist!
