Ripple presented the results of the first pilot projects

Home » ALTCOINS » Ripple presented the results of the first pilot projects
Ripple presented the results of the first pilot projects


XRP token ranks third in terms of capitalization from the list of digital assets of CoinMarketCap and is part of a broad initiative that Californian company Ripple is conducting to transform the banking industry.

Despite the fact that the true value of XRP by many representatives of the financial and banking industry is not without justification questioned, the company itself believes that the token will be used not only for speculation on stock exchanges and that its solution will be widely used to move valuables and help organizations to free up means for other purposes.

“The proposed exchange rates are very profitable, and the time of transactions is simply incredible. In comparison to the network of correspondent accounts in SWIFT, everything happens instantly, “said Alistair Constance, director of London Mercury FX, one of the participants in the pilot projects of Ripple, in the Forbes commentary.

As stated in the official announcement of Ripple, the financial organizations participating in the pilot projects could save from 40% to 70%. The average transaction time in this case was just over two minutes, while the usual international bank payment takes 2-3 days. In this case, the operation with the XRP Ledger network takes only 2-3 seconds, while the rest of the time is spent on additional processing by third parties in the form of exchanges and local payment services.
He also confirmed the figures that led Ripple. In the experiment that Mercury FX conducted, non-profit organization Mision Mexico participated. Instead of donating through the traditional banking system, the funds were almost instantly sent using XRP tokens and converted into Mexican pesos.

  • bitcoinBitcoin$3,590.22
  • rippleXRP$0.321357
  • ethereumEthereum$119.09
  • tetherTether$1.00
  • eosEOS$2.40
  • stellarStellar$0.104731
  • litecoinLitecoin$30.79
  • cardanoCardano$0.043613
  • tronTRON$0.024708
  • moneroMonero$44.45
  • iotaIOTA$0.303712
  • nemNEM$0.055821
  • dashDash$69.65
  • neoNEO$7.44
The complexity Bitcoin mining is growing
As a result of the next recalculation of the complexity of mining Bitcoin on the night of January 14, this figure increased by almost 5%. The complexity of mining is a parameter of the blockchain network, which shows how difficult it is to perform a mathematical calculation to find a new unit and, accordingly, to […]
2019-01-18 0 1
Bitcoin volatility fell by 98% over the year.
Since January last year, the first cryptocurrency volatility has decreased by 98%. So, if on January 16, 2018, this figure was $ 3,468, then a year later – only $ 61, notes CoinDesk Markets analyst Omkar Godboul. The daily volatility over the past year decreased from 9.1% to 3.6%, although on December 16, 2018 was […]
2019-01-17 0 6
Will Ethereum hard fork Constantinople be launched this week?
Ethereum, one of the largest and most influential blockchains in the world, is planning to improve its code in the near future. A massive system upgrade, or hardfork, called “Constantinople” will include a number of technological improvements called to enhance practicality and the architecture of smart contracts. The Ethereum community will make a final decision […]
2019-01-15 0 24
The Brit​ish citizen was trying to buy a gun with cryptocurrency
David Mitchell, a 48-year old British citizen, was arrested by the US police after an attempt to purchase a gun with cryptocurrency via the dark web. Mr. Mitchell was planning to buy a Glock 9mm pistol which costs around £2,000. The man explained to the court that he was curious whether it is possible to […]
2019-01-14 0 15
© 2017–2018