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As the year enters the holiday season, Bitcoin seems to have made a late rally breaking through the $ 4000 threshold today. However, the focus is on other smaller encrypts that have failed or done well. This is a niche group, led by Ripple [XRP], which had excellent positive results in the year with mainstream acceptance and also a look by large companies.
In a recent blog, the second-rate blockchain company discussed the highlights of the year 2018. With a total market capitalization of over $ 15 billion, having recently passed Ethereum in step 2, Ripple has seen impressive growth with mass adoption. This despite the subsequent bloodbath that saw the contract of encryption contracted with a shell of its former glory.
The company attributes much of the acceptance to greater innovation from the Association of Southeast Asian Nations [ASEAN] region. Along with this, the currency was welcomed by the mainstream, especially by institutional investors and some Fortune 500 companies; in particular JP Morgan Chase and Goldman Sachs Group. Along with this, Ripple's true success lies in the embrace of its global payment network, with around 100 financial institutions now using it. Speaking of its incorporation, the statement added: "RippleNet has started providing on-demand liquidity for cross-border payments using the XRP digital asset"
The report mentioned early advocates of technology such as Cuallix and Corporate Federal Credit Union, which adopted the technology and helped them facilitate the adoption of xRapid. With its latest xRapid offer, described by Ripple as:
"The Ripple product powers these transactions and offers faster, cheaper and more transparent payments to its customers."
And the Fintech company was not even bound to a specific place. Now it offers its remittance services in Latin America, Asia and Europe. In fact, their influence in this segment was confirmed when the giants of the Spanish bank Santander adopted their technology for their OnePay FX and Korea exchange platform, CoinOne did the same for their transfer offer. This has expanded Ripplenet and allows it to reach millions of customers.
While many applauded the coin by pushing it to infinity and beyond, some did not seem to buy the rosy picture offered by the company. Some like "PonziJohn" hurled themselves on the blog saying,
"The XRP will never have any use case has just been created to make its financiers very wealthy no money banking currency scam will be the cause of the end of the bitcoin this is why coinbase not the list they know the truth "
While the XRP has its detractors, one can not but take into account the fact that the currency has kept pace with a rather hard phase, remaining however in the shadow under $ 0.38. With a solid business case and excellent market penetration, this blockchain has certainly paved the way for future growth.
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