impact of blockchain technology and cryptocurrency
As we stand on the doorstep of 2020, the impact of blockchain technology and cryptocurrency has been massive. “The Ripple Drop” emphasizes the important technological innovations of 2019 and possible advancements.
Madigan, VP of Global Institutional Markets, stressed on the importance of Facebook’s Libra white paper. Libra is a centralized cryptocurrency proposed by Facebook. Facebook’s Libra project collaborated governments in offering a unified regulatory framework.e
Marcus Treacher, SVP of Customer Success, emphasized the record growth rate of RippleNet over the year. Ripplenet is a global network of financial institutions. It has its digital currency called XRP to maintain liquidity in the streamline.
The pace in which Ripplenet connected with payment companies and banks is exceptional.
Monica Long, SVP of Marketing, commented about the global acceptance of RippleNet’s On-Demand Liquidity (ODL). This reduces the burden caused by international payments. During cross border payments, senders have to pre-fund an account in the destination country. But Ripplenet offers an alternative pathway. Those who use XRP to source liquidity can make their transactions mush faster and cheaper. Alex Holmes, MoneyGram’s CEO, commented about on-demand liquidity in benefitting the company’s services.
Marcus Treacher talked about the global shift in the present financial system with the advent of Ripplenet, XRP, and the Interledger Protocol. Blockchain technology will find its purpose in almost all real-life scenarios. Asheesh Birla, SVP of Product Management, talked about the long term implications of blockchain technology in every financial application. The folks are have underestimated the impacts of blockchain technology. , the coming decade would set a mark in the world’s financial future.