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With the approaching end of the year, the San Francisco Ripple wrote in a recent blog post that does not see the adoption of blockchain technology for 2019. Ripple continued to call 2018 & # 39; The year of the discoveries in blockchain & # 39; which recognizes the development work carried out in 2018 despite the prices of the crypto sinking.
According to the company, despite the small size of the encrypted market, the prospects for the next year "It might not be that gloomy". They added that the role of the regulations emerged over the course of the year, which highlighted to governments around the world that blockchain technology has enormous potential and if they take the right steps to create thinking frameworks for the same, blockchain could approach traditional adoption.
In addition to this, Ripple reviewed the regulatory work done in the ASEAN region stating that they were in the forefront. It was also announced that the adoption and traditional acceptance by companies and institutional investors of Fortune 500 occurred in 2018.
As reported by BloktBoth Visa and IBM have launched blockchain-focused initiatives, while Wall Street heavyweights such as JP Morgan Chase and Goldman Sachs have also examined the potential of the blockchain industry.
The wave network of international payments now connects more than 100 financial institutions and covers over six continents and 40 countries.
RippleNet also provides on-demand liquidity for cross-border payments using the native Ripple token, XRP. In addition to this, the company's xRapid product, which enables cheaper and faster transactions, has also found the first to adopt Catalyst Corporate Credit Union, Cuallix and MercuryFX.
RippleNet-based applications such as CoinOne Transfer & # 39; s Cross and Santander OnePay FX have brought the power of blockchain-based remittance services to Europe, Asia and Latin America.
One of Ripple's customers, BeeTech has completely removed the commissions from SWIFT for all remittance regulations, which ended with a remittance fee that fell significantly (from $ 20 to $ 2).
Erick Gutierrez, founder of Euro Dicas and customer of BeeTech explained the improvement of the service by stating:
"My money is fast, and I can see all the taxes, and I trust to get money from Brazil to pay bills and live well in Europe."
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