Ripple is working on becoming the leading provider of cross-border payment services, a position that is now being occupied by SWIFT.
According to Marcus Treacher, the current transnational payments market is extremely fragmented and Ripple intends to fix this problem. He said that when combined with the ISO standardization, RippleNet will solve the fragmentation problem and change the financial industry.
Treacher believes that XRP has the potential to become the ultimate payment solution in today’s financial market. Ripple’s On-Demand Liquidity Solution is currently one of its best products as far as financial payments are concerned. XRP might be the most popular of Ripple products but their On-Demand Liquidity solution has the most common applications in the real world.
More corridors will be created in places like Latin America, Africa, and Asia. Their existing payment corridors are doing well.
In other news, the price of the XRP token was $0.222411. This means that it is down by 4.09% against the USD and down by 2.81% against Bitcoin BTC. The trading volume over a 24 hour period was $1,817,563,513 and the market capitalization was $10,030,139,206. The token started the day trading in the $0.2300 level but it started falling right after the first four hours of trading. The token must remain above the $0.2200 level to avoid lower lows near-term.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.
- Ripple Hunts for Engineers in the United Kingdom and the United Arab Emirates
- Ripple Intends to Create More Corridors for its On-Demand Liquidity Solution this Year
- Ripple XRP is Now Hovering Above the $0.22 Level
Ripple has been working tirelessly to ensure the mass adoption of its products and services across the globe. While they had to take a step backward amid the Coronavirus pandemic, they are still making moves to expand their financial services particularly in the United Kingdom and the United Arab Emirates.
The company is now working on the integration of engineers in these two regions as part of their expansion goals. These engineers will work to attract more clients to the RippleNet network.
RippleNet Makes it Easier for Institutions Easily Access Ripple’s Products
In their latest job posting, Ripple announced that they are looking for engineers in London and Dubai. While they are looking for a senior integration Engineer in the UAE, they are looking for personnel integration engineers in London, UK. The integration engineer will help Ripple promote and expand its financial services thus offering other financial institutions with direct access to Ripple’s products.
Part of the job description stated;
“They will need to design, build, test, and deploy integration solutions for Ripple, and solve the challenges Ripple’s customers and partners may face in the field of integration and distribution. They will also need to provide top-notch training to new Ripple customers.”
