CEO Ripple critics said that banks will move into XRP. The company has already attracted 200 customers

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2019-01-10 17:45:09

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CEO Ripple critics said that banks will move into XRP. The company has already attracted 200 customers

As reported by CCN, 13 new financial institutions began to use the blockchain with RippleNet. This brought the total number of customers the company has officially exceeded two hundred. FINTECH-applications and Euro banks like Exim Bank, SendFriend and JNFX integrated for the supply of liquidity and instantaneous calculations. According to sources, the system is much faster, clearer and is much cheaper than traditional systems by type .

the

brad Garlinghouse wiped his nose ripple's critics

The General Director of Ripple said that over the past year to RippleNet was joined by 100 of financial institutions. The blockchain ripple's shows the growth of number of payments by 350 percent. Summing up a fruitful 2018, Garlinghouse said that now RippleNet weekly attracting 2-3 new clients. Basically it is the financial institutions that need effective resolution of cross-border payments.

For Example, the head JNFX for emerging markets, ASI Mervyn stressed that the use of RippleNet for the processing of payments for international customers is much more profitable.

Payments between countries are considered to be ineffective: from the point of view of costs, speed and transparency. RippleNet just solve each of these problems. We serve different customers – from Africa's largest conglomerates with a network in more than 40 countries to individuals in rural areas of Nigeria. Our decision to use RippleNet as a payment gateway was quite justified.

Garlinghouse also drew attention to the statements of critics about the fact that in the foreseeable future XRP is unlikely to be used by banks. However, he noted the growing demand for RippleNet, especially in the field of cross-border and international payments.

Once again I explain: if you offer a potential client a better experience at lower cost – he'll love it.

the

what are Ripple marks?

Now, Ripple is trying to penetrate the market of international payments worth $ 2 trillion and shake the dominance of SWIFT.

In the short term large banks and financial institutions are unlikely to switch completely to RippleNet, as large companies control the SWIFT network and have their own interests to rely on the already existing infrastructure. Perhaps Ripple should be targeted for less powerful FINTECH companies and small banks. However, if you see the client base of the company, it becomes clear that she is and does.

The More data you look at . Recall, the actual rate of XRP can be found in our classroom .

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