Nobody seems to agree to the idea of progressing at a Break Neck Speed. The community points to how one can go ask anyone why XRP continues to underperform and on how they hear all the time that “it takes time.” Many feel that Ripple are of late in to lot of baseless irresponsible shilling and marketing talk.
Ripple recently tweeted: “The industry is maturing and accelerating at breakneck speed. RippleXDev provides the tools and resources to make it easy for banks to build and integrate new digital asset capabilities.”
For those who do not get clarity about what breakneck means, it is about completely altering the way we think about currency in general and for institutions “to build and integrate new digital asset capabilities” on a wide scale, it may take a generation.
However, a disappointed investor stated that he does not see any kind of progress like it’s accelerating at a breakneck speed and that he has been waiting since 2017.
In this regard, Sydney Ifergan, the crypto expert tweeted: “Ripple (XRP) or any other community are looking for quick profits. However, real profits are slow. They are never like good rich. We need to be realistic about our expectations.”
Ripple (XRP) Insights
Ripple Insights recently pointed to how the Office of the Comptroller of Currency’s (OCC) have given a go to financial institutions to confidently develop on their capabilities when it comes to handling digital assets dealing with their associated capabilities.
Banks are in need of proof for regulatory compliance when they are taking to implementing a new technology. The approval from the OCC is a step forward encouraging digital currencies and their applications.
The XRP Ledger (XRPL) is capable of settling transactions in just 3-5 seconds. XRP is the associated digital asset, designed to make fast and secure payments possible.
XRPL can be leveraged by everyone, particularly banks and financial institutions. They can use this to build and integrate newer digital asset capabilities. Those who are looking to integrate will be able to find all the information on the XRPL website.
XRP ledger provides for several advanced features like Escrow and Payment channels. They help cater to needs like Certificate of Deposit Accounts, Advanced Custody Solutions for Increased Security, Micropayments for vendors like pay as you go and settling once etc. XRPL is worth trying for anyone in any kind of cross-border payments business. XRPL is the financial technology that businesses do not want to miss.