Ripple’s XPring Could Have More Impact On XRP Market Than xRapid, XRP Adoption To See A Boost
Just the other day, The WTO (World Trade Organization) named Ripple as one company that could revolutionize international trade, and the current developments seem to go in line with that prominent assessment. Some people even Ripple as the Microsoft of cryptos. When xRapid went live, it created some ripples in the market, but it’s XPring that might as well bring the tide. Of late, there have been some arguments from some quarters within the crypto community that XRP isn’t entirely decentralized due to its ties to Ripple, the company, and its efforts in creating in-roads in the banking sector. Currently, various major banks and corporate institutions across the world are using Ripple’s RippleNet, a blockchain-based network that allows banks to send money across borders faster and more securely using XRP as the base currency. Such use of a cryptocurrency by traditional banks is one of the reasons that critics argue that XRP isn’t purely decentralized.However, the company has been making huge steps to dispel these reservations and paint the crypto in a better light. For starters, Ripple has made it clear that XRP (the cryptocurrency) and Ripple (the company) are two completely different entities and that Ripple has no control over XRP. This claim sits well with Ripple’s argument that XRP is an entirely decentralized cryptocurrency just like others like Bitcoin. After all, that’s what Satoshi Nakamoto envisioned when he created the first crypto network (Bitcoin).
About Ripple's (XRP): Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa. XRP's five-year track record of stable technology and governance makes it ready for institutional and enterprise use.
Ripple’s (XRP) can be bought with fiat dollars, debit and credit cards on cryptocurrency exchanges such as CEX.io and Changelly.com and it can be bought with cryptocurrency on exchanges such as CoinEx, Binance, and HitBTC.