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Ripple's XRP has broken many hearts this year. But beneath the surface, it could prepare for a long-term epic bull run. The lawsuit brought between the R3 Consortium and Ripple Labs ended a few months ago, and the recently announced use of XRP on Corda Settler could be a direct result of the two blockchain heavyweights that run on a new leaf.
Settler is a decentralized cable-based application (CorDapp) that allows the payment flow through the Rope blockchain to a number of different payment rails.
XRP has the honor of being the first crypt to be used on Corda Settler, which could drive the use of XRP much longer over time. The new Corda settlement platform is not yet in use, but offers some unique features that could quickly attract users.
R3 Chief Technical Officer Richard Gendal Brown said: "The deployment of the settler Corda and his support for XRP as the first settlement mechanism is an important step to show how the powerful ecosystems cultivated by two of the communities of The most influential crypts and blockchains in the world can work together ".
XRP has made a big move
Settler rope provides tremendous flexibility when it comes to how payments are handled. According to media reports, Corda Settler will allow payments to be made on the Corda blockchain from multiple payment lines, both crypto and conventional.
The Rope blockchain will be updated automatically once the payment is successful, which opens many doors on how you can use Corda Settler and XRP in the not too distant future. Up to now, there have been few "turnkey" solutions for an interface between the existing payment infrastructure and new forms of encryption, which is why R3 has chosen to focus on Corda Settler.
There is no shortage of uses for a platform like Corda Settler. R3 has numerous members operating at the highest levels of finance and this platform could be the start of a new era in payment technology.
XRP is an interesting Crypto
XRP was the neck and neck with ETH all year to be the second most valuable crypt, after Bitcoin. What may not be obvious to market observers at this point is the fact that XRP is well positioned to become the world's leading cryptocurrency.
Richard Gendal Brown said that the renewed spirit of cooperation between Ripple Labs and R3 "is the next logical step to show how it is possible to gain acceptance and widespread use of digital resources to transfer value and make payments".
Unlike BTC and ETH, XRP is cementing relations with the major players in international finance. It is worth mentioning that the riot between Ripple Labs and R3 began in part on an option contract that Ripple sold to R3, which they did not want to honor. Now that the dark clouds have apparently gone by, the cooperation between the two blockchain giants could produce tangible results faster than anyone can achieve.
A terrible market means plenty of opportunities
The XRP is slaughtered along with every other crypt at the moment. Over the past week, it has lost almost a quarter of its value, and it could drop a lot from here. It is impossible to know where the bottom of a bear market will be, which means that buying small amounts of XRP over time is probably the best strategy in the future.
From a fundamental perspective, Ripple is one of the best places where the scrambled can bounce once this long bear market is finally over.
At the time of writing this article, the total market capitalization for XRP is less than $ 12 billion. If XRP finds a home in the massive international housing market, which is measured in trillion dollars a day, it is not unreasonable to assume that XRP tokens can trade at double-digit US dollar prices.
