Ripple’s solutions are going through tests by various companies that find its products attractive as they attempt to improve existing services that take place when it comes to cross-border remittance. Despite that we call them tests, its a win every time because cryptocurrency comes out at the apex of their expectations.
Keeping in mind that their products [xVia, xRapid, xCurrent] are very reliable and functional, not many find it surprising that banks or financial related firms try to utilize the technology. As an example, Bank of Ayudhya [Kungsri] will be testing again, Mitsubishi Corporation stated that international transfers will be performed via the products. It will be in Singapore and Thailand.
The above mentioned partnerships, are without doubt major impacting factors when it comes to Ripple’s long term. They showcase how reliable the network and platform is.
Both Mitsubishi Corporation and Standard Chartered are among the world’s powerhouses. Their liquidity is absolutely without question. If they can turn to Ripple after the pilot works well, that could change its history for good.
Ripple’s CTO – Stefan Thomas, has announced via twitter a new startup building micropayment apps on interledger and XRP.
— Stefan Thomas (@justmoon) May 14, 2018
To have better rewards for individuals using the platform while producing better incentives for digital content and apps, the business model will use Ripple’s interledger protocols. Evans Schwartz and Chris Larsen from Ripple joined the team of the model.
There is still no release date announced, but it is expected to be on the web in the near term. The firm behind the coin will be backing up the project completely.
For many times now, the prices in the crypto-market have rocketed away because of speculations. But, below you can see…