Home / Ripple / Ripple skips the old school payment industry while XRP hits a $ 300 million encryption platform

Ripple skips the old school payment industry while XRP hits a $ 300 million encryption platform

Ripple is increasing its recent smackdown on the status quo of the payment system worldwide.

In a new tweet, the company emphasizes how traditional payments can be complicated, with vague estimates of when cross-border transactions will actually come.

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This follows the company's publicity last week, which highlights Ripple's argument that sometimes it is faster to physically send money by boarding an airplane than sending it through a bank.

Meanwhile, the encrypted credit company Cred states that it now offers loans in USD, guaranteed by XRP.

The high profile investor Michael Arrington, the founder of the encrypted investment company Arrington XRP Capital, claims to be a user and a fan of Cred. It defines the addition of XRP as an important step in the evolution of the digital asset.

"Cred is successfully creating the next generation of loan and earning products and their recognition of XRP as an asset class is important."

Cred says he has made more than $ 300 million available in lines of credit available for the loan, three times more than the rest of the combined sector.

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