As the world moves towards new inventions, digital assets are one of the top-level modern-day technologies that will ultimately change the course of payment system. XRP (XRP) is one of those cryptocurrencies that come up with an efficient blockchain technology.
The co-founder of Ripple, Chris Larsen said that XRP is the most efficient digital asset that is ever created to solve the liquidity issue in the world. An efficient digital asset can really solve some of the key problems in global liquidity.
The world has got trillions of dollars tied up in liquidity just to get around how clunky the movement of value is around the world. So, with an efficient digital asset such as XRP, trillions of capital can be reduced that is being tied up. By this, users can make the transactions instantly, whether it is a banker, a payment provider or an enterprise without having to have money prepositioned all over the world.
Moreover, some more good news is around XRP’s corner. SWIFT CEO said they will integrate technology from R3, the DLT provider behind the Corda platform. R3 will use XRP with their Corda platform so we finally have official confirmation that SWIFT users will be using XRP. So, SWIFT will use XRP in an indirect manner. This is a great news for XRP (XRP) and its users.
In the last quarter of 2018, around thirty exchanges listed XRP and with these listings, XRP is available over hundred exchanges across the globe. Around nine exchanges are those which has listed XRP as a base pair against at least one other coins. Binance exchange has added XRP as a base to both Zcoin (XZC) and TRON (TRX).
So, XRP is heading in the very right direction is on the verge to take over the world payment system with its remarkable Ripple technology. SWIFT adopting the R3 technology is a step towards the adoption of XRP.
The managing director of IMF, Christine Lagarde mentioned that Ripple is one of the technologies that has really influenced the banking system.
Examining today’s market, it has turned to be a good day for most of the altcoins as they have all traded in green. XRP in the last 24 hours has surged up to 9% and is one of the top gainers at the moment. The world’s second biggest digital asset, XRP (XRP) was trading with a price of $0.318 USD with a market cap of $13 billion and a trading volume of $605 million, at the time of press.