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Ripple SVP Asheesh Birla sits with CNBC's Ran NeuNer to discuss products
CNBC's Ran NeuNer had never been convinced of the 39; usability of the XRP token. To have a clear understanding of how it works as a case of use, NeuNer presumably sat down with the SVP of Ripple's Product Management, Asheesh Birla to evaluate his token and other products offered by Ripple Labs , as per an online report. [19659004] XRP becomes gradually decentralized
Ripple has been criticized for being centralized and a popular argument is that Ripple and the XRP token are different, with the first centralized and the second decentralized. Other investors have said that some centralization is needed to start a decentralized protocol.
As for Birla:
"XRP is an open and generalized system that anyone can use and is decentralized.We have a plan to further decentralize it.We have validators all over the world that validate our transactions."
XRP & # 39; s Use Cases and Other Ripple Products
In response to NeuNer's doubts about the use of XRP tokens, Birla shared that it has the ability to support cross-border payments, which was established due to the greater number of challenges that currently exist.
The couple's discussion did not simply stop at the Ripple token, since NeuNer thought it necessary to question some of the products available to date. In particular, Ripple's first xCurrent product was split, in which Birla said it "facilitates communication" and "helps to transfer value to legal currencies".
An example was given by the Senior Vice President, who shared: "If you wanted to exchange US dollars with Indian Rupees, you could do it, but it would not necessarily imply a digital resource like XRP."
xRapid for solve the problem of liquidity
While xCurrent initiates communication between the parties involved in a transaction, Birla states that Ripple's xRapid is a solution that can solve liquidity problems. He shared another example that involved the transfer of XRP to Mexico, concluding that it would reduce friction and accelerate the entire transaction process.
Here's how the Birla quote:
"Send the US dollars system […] XRP, move the XRP to Mexico and then a local exchange in Mexico converts it to Mexican pesos and payments. 39; whole process takes only a few seconds and is very efficient […] Reduces the amount of friction required to open accounts in new countries. "
The statement by Ripple to work to further decentralize the Led XRP registry is accurate . Earlier this month, the company proclaimed to provide a "frictionless experience" in transferring funds globally, announced that it now only supports 48% of the validators in their Unique Node List (UNL) . In particular, Ripple handles only 10 of its 21 nodes, which shows that they are starting to reduce their control and introduce more third-party validators.
What are your thoughts on the decentralized location of the XRP token? Share in the comment box below.
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