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Ripple tends to plan more business in global corridors with regulatory clarity

In the most recent episode of The Ripple Drop, the company highlighted some of the key success stories and products that 2018 saw in the Ripple and XRP ecosystem. Here, Marcus Treacher and Ashish Birla, respectively working as SVP, Customer Success and Product Management, spoke about Ripple's products and partnerships established in 2018.

Treacher began by stating that 2018 was the year that RippleNet came to life when the company built a network of 40 countries around the world and began to complete the full view of Ripple payments.

When asked about key milestones in the year, he responded by quoting One Pay FX, a payment service from Santander. Here, he announced that the service has been implemented by the company all over the world. Treacher added:

"And Ripple is driving that solution, and what we are doing now is using that know-how to help them quickly develop winning proposals for their instant banking apps and services, and what it is doing is creating a truly global and this is starting to bring the internet or value to life ".

As for the company's product-related achievements, Birla cited xCurrent and xRapid as the champions of the year. He said that Ripple wanted to make all products work better with one another. For example, xCurrent, the product that has been outsourced by the company to the market for more than three years, has been run on xRapid this year.

He also explained the importance of this synergy by mentioning that xRapid can be used to create instantaneous on-demand liquidity in Mexico. In his words:

"This is a big deal because you do not need to have the expensive capital tied in Mexico.You can use xRapid for on-demand liquidity, instantly obtaining cash and delivering payment in Mexico.One of the really exciting things about xRapid is that not only we launched the product not technically, but we got it live in Mexico, we also have to live in the Philippines ".

For 2019, Birla suggested that the goal was to bring xRapid into more specific corridors with regulatory clarity and the need to solve a big sore point for a customer base.


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Priyamvada Singh

Priyamvada is a full-time journalist at AMBCrypto. A graduate in journalism and communication at Manipal University, she believes that blockchain technology is a revolutionary tool for advancing the future. Currently it has no value in cryptocurrencies.

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