As per the latest Ripple XRP News update, Blockchain start-up Ripple could launch a commercial application of its cryptocurrency-focused product in the month of October 2018 or so. As per Ripple its xRapid product uses the XRP cryptocurrency as a kind of “bridge” between currencies, allowing payment providers and banks to process faster cross-border transactions.
XRP is one crypto that has had astounding ups and downs during its existence but it has been an interesting journey so far. It has a market cap of $12,244,178,527 and is the third largest cryptocurrency by market capitalization a trading volume of $393,555,228. At present, its price is at $0.307573. The company has struck deals with many high-profile financial institutions.
This year Ripple xRapid Swell event will take place in San Francisco, California, the home of Ripple’s headquarters on October 1, 2018. Ripple XRP news even stated that the company aims to connect the world’s foremost experts on policy, payments and expertise for the most challenging dialogue in worldwide payments. The event will have Bill Clinton will be the important speaker and academy award nominated. The company says the platform, based on distributed ledger technology, is used by banks to message one another, authorizing every stage of a cross-border expense in real-time, as per the report published in Bitcoin Exchange Guide.
Ripple has built the greatest relationship with the financial sector, especially, with central and commercial banks but, these associations have been made through xVia and xCurrent, solutions that have no relation with the XRP token. It is seen that Ripple will announce which other financial institutions are trying out xRapid already and what approaches have been made in relation to this.
Further to the crypto news update, founded in 2012 Ripple has around 60 billion of the total 100 billion XRP tokens in circulation. Brad Garlinghouse Ripple’s CEO stated that many banks would be using xRapid by the end of 2019, as stated in Moneycontrol,
The post Ripple XRP News: Ripple Cryptocurrency Product XRapid Soon To Go Into Commercial Application appeared first on OWLT Market.
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