According to an ardent XRP supporter, xRapid, a product of ripple franchise is building liquidity in key markets.
Liquidity is an important issue in general as critics take the fact that cryptocurrency like Bitcoin is finite and not scalable to global requirements.
XRapid is an innovative liquidity solution for banks that utilize uses Ripple’s XRP as a bridge currency, using XRP as such it dramatically lowers transaction costs between XRP users resulting in an instant and cheap cross-border payment solution.
XRP_Anderson who took to twitter to express this idea also notes that while XLM might have the technology to compete with XRP fiat liquidity is very low for XLM.
Ripple had always had the vision of partnering with banks and with this pragmatic approach of working with instead of replacing traditional banks as work wonders for the project as it gains more than 200 financial institutions worldwide, which translates to more liquidity for the platform.
Headlines for the world of Cryptocurrencies - May 27, 2019
- Italy To Define Legal Framework For Blockchain Innovation
- Telegram’s TON Network Launching On Q3 2019
- Malta Awards 19 Students With Blockchain Scholarships
- U.S. Copyright Office Says It Does Not Recognize Craig Wright As Satoshi Nakamoto
- Brian Kelly Sees Supply Cut Will Bring Bitcoin Prices Higher
Headlines for the world of Cryptocurrencies - May 26, 2019
- Italians Love Bitcoin And Blockchain Together
- Luxury Watch Maker Releases Watch With Bitcoin Cold Wallet Feature
- Italians Using Blockchain For Baby Food Safety
- FINRA Approves Grayscale’s Ethereum Trust
- Son Of Chinese Billionaire Made Significant Investment On Blockchain-Based Gaming
Headlines for the world of Cryptocurrencies - May 25, 2019
- AT&T Now Accepting Bitcoin
- Binance Screenshots Confirms Margin Trading For The Exchange
- GlobalCoin Of Facebook Will Be Release On 2020
- FINRA Approves Grayscale’s Ethereum Trust
- Spanish Banking Fintech Releases Crypto-Friendly Visa debit Card
