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When you talk about digital resources, XRP is one of the best options available on the market today. With a market capitalization that keeps it third only for Bitcoin and Ethereum, the XRP token certainly has a point of support in the sector. Most of the progress of the currency can be attributed to the efforts of the parent company, Ripple. Ripple has attracted the attention of so many banks and financial institutions in the world that drive many to buy shares in the business. Every day, more companies are registered on the platform. Ripple promises to change the way money is transferred from one part of the world to another.
In today's traditional financial sector, there is always a lot of friction when it comes to making transactions. This is especially true when transactions are cross-border. This is why Ripple is trying to make better inventions that will make money transfer seamless. It is this vision that Ripple's Brad Garlinghouse was talking about in a video that became viral on Twitter a few days ago.
Price XRP (XRP) today – XRP / USD
According to him, Ripple still has much in store for the industry. The company intends to radically change the way financial institutions work. As a foundation of liquidity management, Ripple bridges the gap between digital assets (particularly XRP) and traditional banking systems. He noted that the current financial institutions are connected to the VOSTRO and OUR accounts. These accounts are typically pre-financed with financial accounts. This means that there are dormant capital places. XRP will eliminate this system because it will allow liquidity in real time.
The Ripple team knows that liquidity should be readily available to investors. The XRP token is what Ripple created to solve this problem. It not only solves the problem of liquidity, but also solves the problems related to cross-border remittances. In addition to this, investors are made available incentives to encourage them to use the XRP token for trade. Institutional investors are those who benefit most from these incentives.
What has Ripple In Store?
Garlinghouse stated that the company has the ultimate goal of changing payment systems worldwide. The company will not do it alone. It will work hand in hand with financial institutions around the world. He talked about the efficiency of xCurrent in reducing liquidity and said he felt it had a chance to reduce the friction in payments with XRP. While he believes in this vision, he has also recognized that the process will be gradual. It may take some time to finally be recognized globally by financial institutions and banks. He said that among all the digital resources of the world, XRP is the only one that offers true value to users by solving existing problems.
Over time, Ripple has been able to keep its users busy with new progress month after month. The Ripple blockchain has also successfully secured profitable partnerships with reputable companies around the world. All of this contributed to increase the adoption of the blockchain. If Ripple and XRP continue to progress to the beat, they will have disruptive effects on the industry. Who knows, eventually it could replace traditional financial institutions.
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Ripple is a member of Blockchain Capital VC Fund with an XRP investment of $ 25 million
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Ripple is a member of Blockchain Capital VC Fund with an XRP investment of $ 25 million
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XRP Price Analysis (XRP)
Main while, the XRP token is currently green against the dollar at $ 0.450922. It rose by 2.02%. Against Bitcoin, it increased by 1.40%. The 24-hour trading volume at the time of writing was $ 438,057,224 and the global market capitalization was $ 18,129,563,943.
