Ripple working on the "Convergence" software to consolidate the XRP market leadership

August 21, 2018 Ripple

[ad_2][ad_1]
Ripple "title =" Ripple "/> </div> <p> After years of research in the wilderness, Ripple Inc. seems to have dealt with the demands of the market and is ready to make its products easy to use and less bulky "Convergence", the move will see all of its software products packaged into one that will make it sellable to banks and other financial aspects. </p> <p> At the beginning of March, Ripple CEO Brad Garlinghouse declared that The company has a software designed to revolutionize global payment gateways: this may have been the first reference to the presentation of convergence: if the instrument is released on the market, it will be able to support the growing number of onboarding banks including the Bank of England and the Central Bank of Saudi Arabia </p> <p> This could turn out to be that the XRP community has been dispersed and could end up putting a price spike on coins. For those who are not the technology, the three existing products; xCurrent, xRapid and xVia have all played Gree k and a single package will attract more adoption. Will the new package make the XRP pause in trouble even in the market? </p> <p> <strong> Ripple Journey to Convergence </strong> </p> <p> The new verse to a single product was amplified by Jim Chauncey-Kelly, the director of talent acquisition at Ripple. In a recent statement, the director stated: </p> <blockquote> <p><em> "At the start of this year, the main goal of the company was the hiring of a lot of engineering (personal). it was our most important push because we are developing a software called Convergence that will integrate the three products of the company into a new seamless format. "</em></p> </blockquote> <p> However, immediately after the disclosure of information to the public, the 39; announcement was shot down only to reappear on Twitter and other social media channels. This saw one of the members of the XRP community argue that: </p> <blockquote> <p><em> "If the announcement is true, it's a very smart move by the company." With the convergence product, the blockchain product could reach new peaks. "</em></p> </blockquote> <p> <strong> Meaning of Convergence Entry </strong> </p> <p> Technically, xVia does not need installation and software support since it is an API solution. It is easy to implement to integrate a cross-section of alien networks as a standard payment interface. The other two products; XRapid and xCurrent can work as networks on which xVia can ride to make cross-border payments making the XRP ecosystem the hub of transactions. </p> <p> The introduction of convergence by combining the three products is expected to introduce mass adoption and increase companies & # 39; product absorption. This will give the products an advantage and will protect the XRP market share from the cannibalization of competing brands such as Stellar (XLM) and in some cases Cardano (ADA). </p> <p> <strong> Ripple (XRP) Last performance </strong> </p> <p> The XRP had a good running market in the last days, however, the momentum seems to have subsided in the last 24 hours of the bargaining period that saw the coin slip 1.41% to trade at $ 0.332117. However, the volumes were able to stay consistent with a total of $ 292.7 of XRP changing hands over the same period. </p> <p> Japanese-based BitBank-based exchange seems to be the largest of the XRPs with the popularity of the rising Japanese Yen pair. Even HitBTC and OKEx seem to support scams with XRP / BTC and XRP / USDT pairs that are favorites. </p> <p> Once the Convergence software is launched, the Ripple community will have every reason to smile as it will strengthen the XRP Position on the market and bring more investors over the 60s on board at the time of printing. This could stabilize the price of coins and increase the value. </p> <div class=

Like this:

Like Loading …

loading …

[ad_2]Source link

Tags

Designed by Tricksfast Solutions
© Copyright 2024, All Rights Reserved