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The seventh episode of The Ripple Drop with the founder and CEO of OMNI, Thomas McLeod, SVP of Xpring, Ethan Beard and Ripple's Head of XRP Markets, Miguel Vias, is out!
The episode begins with the producer and editor of Ripple, Reinhardt Cate, who interviews McLeod on OMNI. Cate asks McLeod what the long-term plans the company has to which McLeod replies:
"We're trying to connect the whole world through things, right, so we started with this idea of filing and collecting things and now we're building an entire rental market, so there's a world where everything you have it should be able to connect with other people and other people should be able to use those things too.Then if you have a bike and do not use it, someone else can use it when you do not use it and now you can also earn more money. "
Cate then told McLeod that he had read that OMNI had recently incorporated XRP on their platform. He then asked McLeod what XRP does for the platform and also what it means for platform users. responding to Cate, McLeod said:
"We think in the long run, we are a kind of bank, and so instead of just having resources that you think of as legal currencies, like dollars and yen, we have bicycles, books, and camping equipment. It is clear that this could be an excellent tool both to provide a great deal of quick liquidity for a sort of cash out of the capital that is made through the rental part, both in the future, quickly connecting people with those resources that are objective. "
Cate then interviewed Xpring's SVP, Ethan Beard, and asked him about Xpring and what they're trying to do. In this regard, Beard replied that this is an initiative focused on new use cases for XRP, the external ledger and cross-border payments.
Read also: Ripple gives the opportunity to participate in a research initiative on the university blockchain
He is then asked about the future of the company to which he replies:
"For Xpring, we focus on a couple of different things, as I've already said, XRP payments are important, I think the other we're spending time digging up and looking at the tokenisation of resources of the real world. "
Finally, Cate goes ahead and interviews Ripple's Head of XRP Markets, Miguel Vias. He asks Vias what are the new XRP cases for global liquidity, to which Vias responds by saying:
"It is incredibly augmented for global liquidity growth, especially for XRP if it is used in those flows.If you look at other markets, the driving force of FX liquidity is not speculation, it is not the supply of liquidity by market participants. It is the use of that liquidity by real companies.More is the liquidity you have, the narrower it extends, the more efficient X rapid and XRP EMA. "
Last month, Ripple started a strategic partnership with CIMB Group. Regarding the collaboration, CIMB Group CEO, Sri Zafrul Aziz of Tengku Dato, said:
"We are delighted to be part of RippleNet and look forward to a fruitful partnership with Ripple using the strengths and capabilities of others.This innovative blockchain solution will revolutionize cross-border international remittances and is a testament to CIMB's ongoing efforts to improve its digital banking offering providing fast and cost-effective solutions to our customers throughout ASEAN. "
Brad Garlinghouse, CEO of Ripple, said:
"We are seeing banks and financial institutions from all over the world lean into blockchain solutions because it allows for a more transparent, faster and cheaper payment experience.The CIMB network already covers 15 countries, almost 800 branches and offers Speedsend, one of the best solutions in the ASEAN region.Now, by integrating Ripple's blockchain technology, they will enable their customers to send vital funds to family, friends and loved ones more efficiently.Focusing on innovation, CIMB will continue to be a dominant force in the region for years to come ".
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