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Ripple's XRP tokens and products have been questioned on several occasions, as they are presumably devoid of diversity in real uses. A recent post shared by Bitcoin Exchange Guide underlined the lack of clarity that CNBC's Ran NeuNer had in understanding its usefulness.
While conversing with Ripple's senior vice president, Asheesh Birla, more than one perspective is ideal, right? The next post gives more than one answer to the question and comes from Null TX. Here are the four that have associated with Ripple.
Ability to provide banks with "New revenue models"
According to Null TX, Ripple's goal to launch new revenue models for banks is crucial, which is based on the notion of efficient transactions. In particular, the payment facilitator intends to induce banks in a way that allows them to reach recent markets, with greater attention to "real-time global payments".
While Ripple is hosted in nearly 12 countries, the company wants to expand further to become a complete global payments system.
Working to increase user adoption
The foundation of anything innovative is the built-in support and trust, ie in the form of user adoption. [19659003] Ripple products such as xCurrent, a company-based software to help banks settle cross-border payments immediately, and xRapid, an essential tool for minimizing liquidity costs and improving customer experience , will bring more users over time.
Increase in the volume of Exchange?
The topic presented here slightly coincides with the above point on user adoption. Using Ripple RippleNet, defined as a decentralized global network of banks and payment service providers, the company plans to attract more users and transform the XRP token as the world's largest digital asset for the purpose of trading.
Ripple [19459009Daallorahaottenutoilsostegnodidiversebanchechemoltiinvestitoricriptograficihannotrovatostraniinquantolebancheevitanotipicamentediavereun'associazioneconlacriptoversaIlCEOdiRippleGarlinghouseèfiduciosochel'adozionediRipplenonsaràproblematicapoichéconfidache”legrandibancheuserannoxRapid[Ripple product] as a liquidity tool. "
Ripple's ease of completing payments
Ripple's plan to facilitate, instantly the payment processes are what makes the three possible cases of the above use Their efforts reflect the ways in which costs can be reduced, starting traceability of payments and increasing efficiency with downsizing.
Since Ripple succeeds in their efforts, especially in making the four above possible, investors can easily realize the real applications of token and ripple XRP products.Null TX has touched the base on every point to really understand the Ripple products and the utility token? Otherwise, let us know what other cases may occur!
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