- Ripple’s Executive, David Schwartz, Says Their On-Demand Payment Solution Doesn’t Need the XRP Infrastructure
- Ripple XRP is Still bleeding Out Against the USD
Ripple News Today – In our Ripple News yesterday, we talked about the latest ODL corridor in Brazil. We talked about how this payment solution might promote the mass adoption of Ripple and XRP as the company works on the global digitization of the financial system. However, Ripple chief technology officer, David Schwartz recently talked about this ODL solution and how it relates or doesn’t relate to the XRP token. He said that the ODL solutions will revolutionize the financial industry but it doesn’t need the XRP Infrastructure to work.
Ripple News Today – XRP Infrastructure Not Needed for Ripple’s ODL Solutions to Blossom
David Schwartz, in his latest tweet thread, explained how the company’s On-Demand Liquidity solution works. The ODL solution has several advantages over traditional payment settlement but the key benefit is the On-Demand Liquidity. Since there is liquidity on demand, there is no need for pre-funding when transactions want to be made from one country to another. He said that this solution can work with or without the XRP infrastructure. The cross-border payments through this solution are instant and cheaper than traditional transactions.
XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020
XRP (XRP) Price Today – XRP / USD
| Name | Price | 24H % |
|---|---|---|
 | $0.00 | -0.80% |
Schwartz said that the most impact for XRP can be felt when it’s time to tap into an already existing supply of customers. He also said that the company is not making any plans to launch a stablecoin and it doesn’t manipulate the price of the XRP token in any way. He said that, contrary to popular opinion, people don’t give Ripple money when they buy XRP. XRP is an independent cryptocurrency that can exist with or without Ripple. However, they are still working on fixing all the drawbacks of legacy banking systems. It was to this end that xRapid and many other Ripple solutions were created. Before the rebranding, Ripple created xRapid to serve as a bridge that is fueled by XRP.
Ripple News Today – Ripple’s XRP Is Still Struggling Against the USD Sliding Lower and Lower
Ever since the XRP token fell below the $0.2000 a few days ago, it’s been stuck in the red. It is currently trading at $0.192160. It is down by 0.32% against the USD and down by 0.18% against Bitcoin BTC. The trading volume over a 24 hour period is $1,015,735,721 and the market capitalization is $8,476,712,163. XRP must hold the line above the $0.1900 level to prevent 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.
