Ripple and XRP have been making headlines a lot lately.
Ripple revealed that it’s rebranding its products, and this can be seen on the official website.
More than that, Ripple's CEO Brad Garlinghouse has recently spoken about the crypto mass adoption of XRP, Bitcoin and other digital assets and said that these will not see mass adoption soon.
The effects of the lack of regulation
According to Ripple, there’s a lack of regulation on the digital assets that could trigger an exodus of tech talent away from the US, according to the latest reported revealed by the online publication the Daily Hodl.
Now, in a brand new piece on blockchain innovation, Ripple’s head of Global institutional markets, Breanne Madigan said that the first clear use case for the crypto XRP and digital assets is in the payments industry.
She began by saying, “At Ripple, we see payments as the first obvious use case for digital assets. A key innovation in leveraging a blockchain for payments is that you can move value efficiently—and many subsequent use cases for blockchain technology, including trade finance, smart contracts, and lending.”
Madigan continued and said that “This is why we are focused on this baseline use case first. With digital assets, for the first time, there’s a way to settle transactions across currencies instantaneously—this helps optimize risk management frameworks, and reduces significant friction pain points including time, trapped capital, and excessive fees.”
XRP is used as a bridge between fiat money
Madigan also made sure to highlight the fact that she is optimistic and she believes that as more and more use cases beyond payments develop, more capital will be entering the space.
Madigan also highlighted that Ripple’s main target for XRP is using it as a bridge between fiat money.
We recommend that you check out Madigan's complete post.
Who brought home the bacon in 2018? We've picked out 11 of the best ICOs from 2018 in terms of their return....
| November 1, 2018
Monero (XMR), as well as other significant cryptocurrencies in the market, experienced a very tough period c...
| September 12, 2018
When you need to make a crypto to crypto exchange, you usually browse the Internet and see a huge number of ...
| May 9, 2018
We are standing on the cusp of a new period in global finance. The potential for blockchain and shared hyper...
| April 25, 2018
With cryptocurrency adoption ramping up in enterprise and merchant applications, much of the focus has been ...
| April 22, 2018