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Ripple Labs Inc.'s new chief technology officer – David Schwartz, is developing his vision for the future of XRP (XRP) and digital currency in general. In a recent interview with Forbes, the CTO talks about Ripple Inc.'s plans that interrupt the conventional worldwide payment network – SWIFT – which regulates cross-border transactions in 3 days or more, with miscellaneous fees difficult to determine. [19659002] David Schwartz's comment
Schwartz said he wanted to develop a payment system like SWIFT. But the system they want to create is one in which the movement of money, settlements and the real plumbing below the surface would be an open and decentralized network. The end result is just moving the bottom invisibly.
The CTO has also expanded the reason why it has been attracted to Bitcoin (BTC) and digital currencies in the first place, and because it thinks that crypto is the power to build a fair and fair playing field for everyone in the world. global economy.
Once he started designing the initial code for the XRP register in 2011, Ripple's technology manager said it took about 6 weeks before he knew if the promise of digital money could be reached and if XRP ( XRP) had what it takes to become a sustainable ecosystem.
He said that his initial goal was just to see if it was true, and then, after about six weeks, he came to the point where they were all convinced that it would work. He said the process was like inventing a new material. Is it really strong? Is it light? Is it resistant? Is it manufactured? Once it has all these properties, the next stage is "is there a case of use for this?"
XRP (XRP) Price Today – XRP / USD
At the time of writing, XRP is changing hands to $ 0.2876 after losing about 13 percent of its value in the last twenty-four hours. The current market capitalization of the digital currency is $ 11.40 billion and its trading volume over the past twenty-four hours is $ 425.74 million.
