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2018 is about to end and Ripple looks at this year in a blog post. They are also thinking about a wider adoption of blockchain technology in 2019.
Ripple called 2018 the year of the breakthrough in blockchain and said that the developments made this year are great despite the fall of the crypto market.
Important results in 2018
The San Francisco-based company said that the small size of the encrypted market does not allude to a poor 2019.
They believe that the role of regulation has developed this year and that governments around the world have recognized the potential of blockchain and cryptography.
Ripple highlighted more the regulatory work that has been done in the ASEAN region.
Traditional acceptance and acceptance by the Fortune 500 companies and institutional investors that have occurred this year have also been considered.
Other results are that IBM and Visa have launched blockchain-focused initiatives while Wall Street's big players like JP Morgan Chase and Goldman Sachs have also started to explain the blockchain industry.
Ripple's successful milestones in 2018
RippleNet connects more than 100 financial institutions in six continents and 40 countries. They also provide on-demand liquidity for cross-border payments via XRP.
XRPid's XRP product offers less expensive and faster cross-border transactions and its adopters include Catalyst Corporate Credit Union Union, Cuallix and MercuryFX.
Successful applications based on ripple include OnePay FX and CoinOne's Santander Cross.
These have been able to bring the power of blockchain-based remittance services to more locations around the world, including Europe, Asia and Latin America.
As for the Ripple battle with SWIFT, Ripple's client, BeeTech, managed to completely eliminate the SWIFT commissions for all his remittance corridors. Commissions fell from $ 20 to $ 2.
Ripple's customer base has seen tremendous growth and the company has also launched Xpring to build infrastructure and support the development of the blockchain market.
You can find out more about Ripple's views in 2018 and the year that will come here. They are confident that 2019 will bring broad adoption for cryptographic and blockchain technology.
