RATE Group | Ripple News Today: Ripple (XRP) Will Soon Become the Number One Cryptocurrency Choice fo…
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Ripple News Today: Ripple (XRP) Will Soon Become the Number One Cryptocurrency Choice fo…

01 Dec Ripple News Today: Ripple (XRP) Will Soon Become the Number One Cryptocurrency Choice fo…

Posted at 12:06h in Cryptocurrency News by

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Ripple gets the first bank from Oman on its RippleNet platform

During an interview with CNBC on Tuesday, Brad Garlinghouse, the CEO or Ripple, said that the future of Ripple is bright as many banks will be using the XRP ledger by the end of 2019. The XRP ledger is an open-source codebase that can perform over 1,500 transactions in every second. It requires the XRP coin.

This isn’t the first time Garlinghouse is hyping Ripple. During another interview at the conference called Money 20/20, Garlinghouse made his confidence in Ripple clear. He said:

“I have said it before that by the end of 2019, the xRapid ledger will be a significant tool in banks around the world. Before 2019 comes to an end, I believe that dozens of banks will embrace Ripple.”

Ripple Will be Adopted by Banks Soon

One of the projects the company is working on is to provide liquidity solutions for financial institutions allowing them to make cross-border payments in a faster, transparent, and cost-effective way compared to traditional methods. The xRapid project is…

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