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As the year draws to a close, Ripple, based in San Francisco, wrote in a blog post that is awaiting a broader adoption of blockchain technology in the coming year.
He also continued to call 2018 "the year of blockchain discoveries" recognizing the development work carried out during the year, despite falling price declines.
The Outlook is healthy
According to Ripple, despite the small size of the encrypted market, the prospects for 2019 "it may not be so dark".
He said that the role of the regulations took place during the year, highlighting governments around the world who recognized the potential of the blockchain and are taking steps to create legal premises for it.
Ripple also focused on regulatory work done in the ASEAN region, stating that they were on the front line.
They also emphasized the adoption and traditional acceptance of Fortune 500 companies and institutional investors this year.
IBM and Visa have launched blockchain-focused initiatives, while Wall Street heavyweights such as JP Morgan Chase and Goldman Sachs have also explored the blockchain industry.
Ripple & # 39; s 2018 at a Glance
Ripple's global payments network now connects over 100 financial institutions, on six continents and in 40 countries.
RippleNet now also provides on-demand liquidity for cross-border payments using XRP, the blockchain's native digital asset.
The company's xRapid product, which offers cheaper and faster transactions, has also found the first users in the Catalyst Corporate Credit Union, Cuallix and MercuryFX.
RippleNet-based applications, such as OnePay FX and CoinOne Transfer's from Santander, have brought the power of blockchain-based remittance services to Latin America, Europe and Asia.
BeeTech, a Ripple customer, has completely eliminated SWIFT commissions for all its remittance corridors. Resulting in its own remittance share falling from $ 20 to $ 2.
The founder of Euro Dicas and the client of BeeTech Erick Gutierrez explained the improvement of services, 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."
In addition to growing its customer base, Ripple also launched Xpring to build infrastructure and promote growth in blockchain markets.
The company also established the Blockchain Research Initiative University (UBRI), a partner of over 30 leading universities and over $ 50 million.
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