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Ripple (XRP) New Business Model Announced by its CTO: COIL

Ripple Tech Adoption

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.

Stefan Thomas – CTO on the Case

Ripple’s CTO – Stefan Thomas, has announced via twitter a new startup building micropayment apps on interledger and XRP.

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.

Ripple Out of the World Prediction

For many times now, the prices in the crypto-market have rocketed away because of speculations. But, below you can see something surprising. In 3 years XRP reaching $334,47 against the US Dollar.

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For the value to climb that dreamy ladder, the platform has to reach its original goal – replacing SWIFT system. The SWIFT system has proven to make the customer experience very poor. Problems like long periods of times per transaction,  high fees are charged per operation are always present.

If the existing issues are solved by platform completely and accordingly a mass adoption by financial institutions takes place, XRP could go even higher.

According to Coinmarketcap – the pair XRP/USD for the time being is trading at $0.6640 with a 6.06% drop in the last 24-hours.

Ripple Investment

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Apple Using Ripple (XRP) Interledger As Banking Becomes Easier With XRP

The cryptocurrency markets seem to be on steroids once again. Bitcoin (BTC) has gone past the $8,000 mark; Ethereum (ETH) is now back above $500; Ripple (XRP) is trading at an amazing $0.64; Bitcoin Cash (BCH) is at $774; and Litecoin (LTC) is trading at $131 and has reclaimed the number 5 spot from EOS (EOS – $9.22).

Amidst all this market excitement, is the news that Apple Pay has integrated Ripple’s Interledger protocol. According to the announcement, the update will be rolled out via the Safari browser using both macOS11.1 and iOS11.1. These are the operating systems for Mac computers and iPhones respectively. The Interledger integration hints at the possibility of Apple Pay accepting cryptocurrencies in the near future. If this were to happen, it would mean that users of Apple Pay will be able to use cryptocurrencies for regular purchases in the near future.

So what is Ripple’s Interledger Protocol?

Interledger is an open protocol suite for sending payments across different ledgers. Like routers on the Internet, connectors route packets of money across independent payment networks. The open architecture and minimal protocol enable interoperability for any value transfer system. Interledger is not tied to any one company, blockchain, or currency.

This means that Interledger can be used even by banks and other payment settlement solution providers. It allows for different back-end systems to communicate with each other in a manner that was up until now, a hustle for banks. Previous to interledger, sending payments across the globe took days. And as Brad Garlinghouse once said during a Bloomberg interview, it was easier to pack the cash in a bag and fly it over to the other bank physically.

With Ripple news streaming in every day and with the current market momentum that is exciting everyone in the crypot-verse, it is possible to fulfill the numerous Ripple price predictions that have been floating around the web.

$1 looks like a week away if the current momentum continues. With the usual slight corrections, we could reach the $4 by the end of June and $10 earlier than the December expectation by many Ripplers.