Home Cryptocurrency XRP Not An Altcoin: Factors Which will Make Xrp Top In Crypto...

XRP Not An Altcoin: Factors Which will Make Xrp Top In Crypto Race

Ripple, supplier of driving undertaking blockchain answers for installments, declared that 13 new money related organizations have agreed to accept the organization’s installment arrange, RippleNet. The organizations incorporate Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USENDand Rendimento. With these increments, there are presently in excess of 200 clients agreed to accept RippleNet.It’s clears that Xrp not an altcoin

JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank will use the advanced resource XRP to source liquidity on-request when sending installments for their clients. Utilizing XRP for liquidity when sending a cross-outskirt installment enables budgetary foundations to maintain a strategic distance from the problem of pre-subsidizing accounts in goal monetary standards. It enables them to make quicker, bring down cost installments than they can through the conventional reporter managing an account framework.


For the financial institutions on RippleNet not currently using XRP for liquidity but interested in immediate settlement—such as CIMB or Olympia Trust Company—they are able to leverage Ripple’s technology and modern APIs for faster, lower cost and more transparent payments.

Kaushik Punjani, Director, Euro Exim Bank:

  • Kaushik Punjani, Director, Euro Exim Bank: “As a leader in trade finance solutions for global corporates and fintechs, we are uniquely placed to offer new payment channels and ways to source liquidity. Our customers—whether big corporates or individual remitters—have historically been restricted from obtaining suitable funds or settling transactions in a cost efficient and timely manner. Working collaboratively with Ripple and selected counterparts, we have designed, tested and are implementing both xCurrent and xRapid in record time, and we look forward to the benefits these will bring our customers.”

David Lighton, Founder, SendFriend:

  • David Lighton, Founder, SendFriend: “The existing correspondent banking system is slow, inefficient and costly. SendFriend was founded at MIT with the belief that there must be a better way to send payments. We are excited to partner with Ripple to do just that. Through our partnership, we are bringing our customers a next-generation, blockchain payment solution that leverages XRP to address many of the efficiency and equity problems with existing remittances. For them, that means cheaper and faster payments.”

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Ashay Mervyn, Head of Emerging Markets, JNFX:

  • Ashay Mervyn, Head of Emerging Markets, JNFX: “Payments between countries are beset with inefficiencies—inefficiencies around cost, inefficiencies around speed and inefficiencies around transparency. RippleNet is specifically geared to address these problems. For our customers who range from the largest conglomerates in Africa (with operations and commitments in over 40 countries) to individuals in villages in rural Nigeria, our decision to join RippleNet and utilize their payment solution—including XRP for on-demand liquidity—just makes sense.”

“In 2018, nearly 100 financial institutions joined RippleNet, and we’re now signing two—sometimes three—new customers per week. We also saw a 350 percent increase last year in customers sending live payments, and we’re beginning to see more customers flip the switch and leverage XRP for on-demand liquidity,” said Brad Garlinghouse, CEO of Ripple. “At the end of the day, our goal is to make sure our customers can provide excellent, efficient cross-border payments experiences for their customers, wherever they are in the world.”

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RippleNet currently operates in over 40 countries across six continents

David Schwartz on Attacking Ripple ledger

“This has never been a problem for any blockchain in the past, and it’s required by every blockchain when previous agreements fail to be sufficient. Decentralized systems fundamentally allow interoperation only among people who continue to agree on a large number of things.”

“Surprisingly, the lack of incentives in the XRPL design actually makes this much easier. All honest participants want the network to work well and have perfectly aligned interests. There’s no power over anything to give out, no rewards to argue over splitting, or the like.”

Besides a XRP Supporter said:-

“While Bitcoin maximalists will point to overlay software such as Lightning, there have been numerous intractable problems with using secondary software to interact with POW networks. Using a secondary network to scale doesn’t solve the problem of using a completely inadequate base-layer technology. “


Chinese research institute for Blockchain Technology Research Scholarship program partnership with Ripple XRP

Moreover, Ivy Gao, Director of International Cooperation and Development, THUIFR, told

“Most importantly, I believe, this program will greatly help with their future research or career in the field of blockchain technology.”

Further, Eric van Miltenburg, Ripple’s SVP of Global Operations, told:

“The program’s goal – to provide students with opportunities in blockchain research – closely aligns with that of Ripple’s University Blockchain Research Initiative. We’re thrilled to support THUIFR in this endeavor and look forward to its launch.”

@coupleofcrypto said:

“Awesome. Go @Ripple. Most criticized in the crypto space, and yet by far the most active to get blockchain technology adopted worldwide… This is part of Ripple partnering with universities around the world to push blockchain development. It’s awesome, Ripple is really helping the entire crypto space, but you take it one step too far Just my opinion.”

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