Ripple Will Become The Amazon Of The Crypto Space
Ripple has been making some pretty successful moves even in 2020 when we’re in the middle of a global crisis that has been triggered by the pandemic.
Ripple has been working hard to promote the XRP ecosystem and also to push the adoption of the digital asset XRP.
Via its product that’s powered by XRP, ODL, Ripple wants to eliminate the flaws of the traditional payments system SWIFT.
This has been used by banks and financial institutions for decades, but it became plagued along the way.
Regarding the price of XRP, at the moment of writing this article, XRP is trading in the green and the coin is priced at $0.299794.
Ripple works to expand use cases
It’s been revealed that Ripple is planning to expand the use case a lot beyond streamlining cross-border payments while teaming up with various banks.
Ripple realized that the firm’s core value is still in XRP and the Ripple blockchain.
The company has been working with banks and funded millions to blockchain and crypto startups, but now they are taking a step back and revising the growth strategy.
Cointelegraph notes that according to a Financial Times report, Ethan Bear, the head of Ripple’s developer efforts said that they were moving from “writing cheques to writing code.”
In other words, the company was planning to promote the creation of new applications on the Ripple network.
Not too long ago, Garlinghouse said they wanted to make Ripple the Amazon of the crypto world:
“Amazon started as a bookseller and just sold books. We happen to have started with payments. Two years from now, you’re going to find that Ripple is to payments as Amazon was to books.”
We recommend that you check out the complete report by the Financial Times.
The other day, it’s been revealed that Ripple is exploring new platforms that use its native crypto XRP and the universal payments platform PayID.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Source: Read Full Article