With more Altcoins entering the crypto-market every other day, true Altcoins are starting to show signs of overtaking mainstream coins in their own ways. One of these Altcoins is Ripple (XRP) that is taking the banking sector by storm. With the increasing popularity in money transfer and processing, Ripple is set to interrupt the sector by providing bespoke solutions.
With the introduction of RippleNet, banks can now communicate with each other seamlessly. It is new easier to send money anywhere using your smartphone. The integration of payment providers and virtual asset exchanges is a reality thanks to the developer team behind the Altcoin.
There are more people hooked to the internet more than three years ago and Ripple is tapping on this online presence to introduce its products to the masses. The platform is designed with a twist in that it is not decentralized as such and experts see it as the future of distributes financial services.
Ripple offers Unlimited Connectivity
Modern payments are highly demanding and require a system that is not prone to interruptions. The world is full of appliances that can easily communicate and with the blockchain technology; the issue of downtime is a thing of the past. With an uninterruptable connectivity, you can transact business from anywhere anytime.
The current banking system, moving money from one point to the other is slow, expensive and prone to manipulation and fraud. Ripple seeks to take care of these and ensure reliability and reduce failure rates to nil. The current banking systems are slow and takes up to 3 days for a cross border transaction to clear. People looking for money transfer provider are very specific on the elegance of the services they get.
The Ripple network offers seamless connectivity across all affiliate payment networks. This is achieved through high transaction speeds to fulfill the ever increasing on-demand settlement that a modern day distributed financial platform should offer. With the technology, your funds can be traced in real time.
Ripple Products Set to Revolutionize the Financial Sector
Most of the products thatRipple (XRP) is putting to the market are aimed at providing low liquidity and operational costs. These ride on an ecosystem that is secure and scalable. These are also interoperable with other systems.
With practical solutions, a lot of interest is evident towards these products by stakeholders in the banking and currency payment processors. The Ripple software is set to change the industry. The xCurrent comes in handy when processing payments for the global consumer. For on demand liquidity, xrapid comes in handy while xVia makes it easy to send payments via RippleNet.
Ripple (XRP) Price in the Market
With just month after the market crash, there seems there is something around the price of Ripple that many critics keeps pointing at. The price has always remained below $1. Could this be a deliberate move from Ripple the company to keep XRP the coin down for high adoption? Will a high XRP in the market affect the cost of cross-border payments and money transfers?
In order to make services affordable for the ordinary XRP user, keeping the coin under $1 is only logical. This is not a store or value but a means to make payments accessible to many across the globe. At the time of writing,Ripple (XRP) was trading at $0.576112 against the dollar. For most of the current Ripple projects to bear fruits, it is important to keep the price under $1.
Low pricing of the Ripple coin means more banks, digital asset exchanges and payment providers come onboard the network. This will create an entry level for the ordinary consumer to be part of the network and share the benefits of low cost banking with high quality services.