For most of the encrypted market, 2018 was a rather disgusting year from a price point of view, especially considering that it was a critical period characterized by a cryptic bloodbath. Most of the cryptos, including the best ones like Bitcoin, have seen a significant drop in their value compared to the high values of all time. Bitcoin has lost 85%; some others disappear over 90%.
This does not mean that there have been no good things that happened in the cryptic world. From a critical perspective, the industry has grown by leaps and bounds, especially when one thinks of companies like Ripple and its native cryptography -XRP. So, how exactly was 2018 good for Ripple and XRP?
Ripple created xRapid, a product of payment solutions designed to facilitate cross-border transactions. xRapid was commercially adopted in October, with some very influential financial institutions that came on board to use it. Some of the adopters include MercuryFX, Catalyst Federal Credit Union and Cuallix.
In addition to the adoption, the Ripple campaign has created worldwide awareness and a better customer experience. In fact, the cost of transactions on Ripple Network has fallen from $ 20 to $ 2. Furthermore, Ripple's XRP has been adopted by various other institutions as part of their payment systems to improve liquidity and speed up the functions. processing. Some of these institutions are actually cryptographic exchanges that have adopted XRP as their base currency.
Ripple launched the University Blockchain Research Initiative (UBRI), which attracted 30 universities including Princeton University, the University of Waterloo, UC Berkeley, and the University of Oregon. , the McCombs School of Business and the University of Korea.
All in all, it is quite clear that the Ripple gain in 2018 far exceeds the approximate patches that the cryptographic space as a whole had to drag.