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Ripple's XRP is one of the most important digital resources on the market today. However, many banks and other financial institutions are registered on its platform and have bought shares of the business. With the growing number of companies registered on its network, Ripple wants to change the way money moves around the world.
Monetary transactions today are faced with a lot of friction and this has stimulated the desire of financial institutions to seek better innovations. In a video that has been shared (and become viral) by the Twitter user @XRP_VETERANBrad Garlinghouse spoke about Ripple's future plans, centering on the fact that in a few years to come there could be a radical change in monetary settlements.
For Ripple and its followers, XRP is the foundation of liquidity management, and is also the bridge between the banking system and digital resources that have the support of a Silicon Valley technology company. According to Garlinghouse, XRP is the basis for solving liquidity problems because today's financial institutions are linked to a pool of capital accounts known as OURS and YOUR ACCOUNTS.
He noted that these accounts are pre-financed between financial accounts – which means that the capital of financial institutions is inactive and is getting used to. By making use of a digital resource such as Ripple's XRP, liquidity can be activated in real time.
Ripple understands the fact that liquidity should not be in an account, it should be wherever it is needed at any time, anywhere, and the start blockchain did so by releasing XRP.
Ripple XRP future plans of CEO Brad Garlinghouse pic.twitter.com/oxzziPDUEZ
– XRP VETERAN ✖️ (@XRP_VETERAN) 29 October 2018
Ripple's XRP was created to solve the problems of cross-border payments and remittances in different parts of the world. In addition, Ripple uses incentives to attract investors to exchange XRP and intermittently sells XRP to these investors (including institutional investors), according to experts.
The Future Plans of Ripple (XRP)
Brad Garlinghouse said that Ripple aims to change payment systems in the world (no surprise). The CEO noted that the company intends to do this by working with financial institutions and making them familiar with how xCurrent works and also by introducing how Ripple can help manage liquidity.
Garlinghouse also pointed out that there is a lot of friction about payments, but the introduction of XRP into these institutions will take some time. He believes that the introduction of Ripple will require a gradual process and soon we should see many banks and other fintech institutions that adopt Ripple (XRP). Garlinghouse also stated that Ripple's XRP is the only digital resource that has real customers solving real problems.
Ripple (XRP) Next
Ripple has been successful in keeping users highly involved, and this is due to its remarkable progress over the last few months. The blockchain has secured good partnerships and in September, as a partner of three companies, it has further increased its level of mass adoption.
Probably, Ripple's XRP has become the most critical cryptocurrency in the market right now. Overall, if Ripple continues to progress and progress in its research, we may see it replace other financial payment systems in a few years to come.
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Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Flickr
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