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During an interview with CNBC on Tuesday, Brad Garlinghouse, the CEO or Ripple, said that the future of Ripple will be as many as the XRP ledger by the end of 2019. The XRP ledger is an open-source codebase that can perform over 1,500 transactions in every second. It requires the XRP coin.
Garlinghouse is hyping Ripple. Money 20/20, Garlinghouse made his confidence in Ripple clear. He said:
"I have said it before that by the end of 2019, the xRapid ledger will be a significant tool in banks around the world. Before 2019 comes to an end, I believe that dozens of banks will embrace Ripple. "
Ripple Will be Adopted by Banks Soon
One of the projects is available to provide liquidity solutions for financial institutions and to make cross-border payments in a faster, transparent, and cost-effective way compared to traditional methods. The xRapid project is one of the proposed solutions. This system was developed for institutions that are reaching out to emerging markets. It enhances cheaper, and, faster transactions.
The system filters third party collections for the most competitive options. It will be converted into any currency required from the receiving end.
Cross-border transactions may require 2 to 3 days for large remittance.
Regarding the price of Ripple, Garlinghouse said:
"The industry is nascent and speculation is what dominates the market action. In time, people will understand the unique use cases. Bitcoin will be a panacea as people suspected it will be. Bitcoin would solve different problems. There are different kinds of blockchains and ledgers being created daily. "
Will Garlinghouse prediction as true? Will Ripple become adopted by several banks before the end of next year? Will this be the influence of the price of Ripple?
