Spotlight Growth
No Result
View All Result
Wednesday, February 1, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

Ripple (XRP) is Ready to Upgrade the Banking Industry

by admin
March 11, 2018
in Cryptocurrency
0
Ripple XRP Expanding Products Banking News

Ripple XRP Expanding Products Banking News

The Ripple (XRP) payment protocol system has aggressively expanded its market dominance in recent days. Their distributed ledger approach to financial transfers has gained them a strong following with traditional financial institutions. This is unusual, as these banking giants have otherwise shunned cryptocurrency as too volatile or too decentralized. Ripple’s payment protocol is such a severe upgrade to antiquated internetwork transfers that most banks realize failure to adopt will make them uncompetitive. XRP is ready to reap these benefits in the near term, rolling out a series of products that are aimed to exponentially decrease the time required for money transfer.

Ripple’s Product Array and the Advantages of Adoption

There are three major products in Ripple’s line-up; xRapid, xCurrent and xVia. Each is used for a different section of transfers between disparate financial institutions.

  • xRapid for Sourcing Liquidity

The xRapid module is designed to augment Ripple Net’s features by providing a combined liquidity pool for anyone that signs onto the network. Institutions gain access to the fiat pools created through using XRP as a bridge currency. Anyone can trade fiat currencies for XRP to avoid foreign exchange fees and ensure rapid transfers without waiting for appropriate trading pairs to be available.

  • xCurrent for Payment Processing

xCurrent is a rebranding of the original Ripple Net inter-bank transfer module. This platform integrates with each financial institution to create a single common transfer network. Standardized rulebooks and confirmed transactions allow banks to move money back and forth in minutes, rather than days.

  • xVia for Sending Payments

Finally, the xVia system provides a way for individuals to send remittances across international borders. The Ripple Net system inherently possesses a pool of local currency that can be converted in-transfer to ease the process of sending money home.

Major Partners and the Sectors They Represent

Ripple’s greatest current strength is the absolutely stunning amount of adoption in the financial industry. Industry giants like UBS, American Express and Western Union have all adopted the payment protocol in one way or another. Many are still in the prototyping phase, but as new partners come online, Ripple’s strength is only likely to increase.

Article By: Adam Stone

Tags: appsbankingBitcoinblockchaincryptocrypto newsCryptocurrencycryptocurrency advicecryptocurrency newscurrencydigital currencyemerging growthEthereuminvestmentMergermobilepayment processingpaymentsRippleRipple newsservicessmall capsSpotlight GrowthSpotlight Growth Stockstechtechnology stocksXRP
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Versus Systems NASDAQ VS Resolve Debt Partner AI Gamification Consumer Debt Spotlight Growth

Versus Systems (NASDAQ: VS) and Resolve Debt Partner to Integrated Generative AI and Gamification to Customer Payments and Credit Markets

February 1, 2023
Finding the Most Accurate Technical Analysis Indicator Spotlight Growth

Finding the Most Accurate Technical Analysis Indicator

January 31, 2023
Introduction to Stock Options Trading Educational Spotlight Growth

Introduction to Stock Options

January 31, 2023
Oxbridge Re NASDAQ OXBR SurancePlus Tokenized Reinsurance Contracts Spotlight Growth

Oxbridge Re (NASDAQ: OXBR) Announces Its New Subsidiary SurancePlus: To Issue Tokenized Reinsurance Securities

February 1, 2023
ADVERTISEMENT

Recent News

Versus Systems NASDAQ VS Resolve Debt Partner AI Gamification Consumer Debt Spotlight Growth

Versus Systems (NASDAQ: VS) and Resolve Debt Partner to Integrated Generative AI and Gamification to Customer Payments and Credit Markets

February 1, 2023
Finding the Most Accurate Technical Analysis Indicator Spotlight Growth

Finding the Most Accurate Technical Analysis Indicator

January 31, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested