- Fintech businesses are hungry for regulatory clarity
- Regulators have been very slow to giving regulatory clarity to services and technologies
- Ripple continues to better the cross-border payment space with this developer tools
Ripple News Today – Ripple Insights recently considered how Fintech Businesses are hungry for regulatory clarity. They also contemplated on how transparent regulation can add to clarity. Recently, Adrienne Harris talked about how slow regulators have been to assess and approve new technologies and services. Most of the distributed ledger technology businesses are looking for regulatory clarity.
XRP News Today – Regulators Have Been to Slow to Give Regularity Clarity to New Technologies and Services
Adrienne Harris also threw some light on when she headed a Distributed Ledger Technology and Fintech task force for the White House. She was able to see that the US government could help fintech innovators by just providing clear regulation and engagement. Harris said that this was a lot related to how the administration of Clinton was about to engage with the growing internet industry during the 90s.
XRP (XRP) Price Today – XRP / USD
In a tweet, a digital currency expert – Sydney Ifergan – said:
“I remember someone saying the Good regulation should be conducive to business and consumer protection. Since markets are imperfect Ripple (XRP) are true when they keep reinstating on regulatory clarity.”
It is true that regulations force individuals to do better. However, it looks like a lot has to be done before it can be in place. Perhaps keeping people waiting for regulation is a means of making them prepared to accept whatever the regulation has to say.
Ripple News Today – Ripple Aims to Better the Fintech Space with Its Payment Protocols
Ripple’s Xpring is a platform that provides developer tools, programs, and services to integrate money into their applications. One needs to create a developer account to get started. Xpring, SDK, XRP/ILP, and Xpring Wallet are the tools and services with media, gaming, and payments as the use cases. XRP Settlement and Interledger Messaging are the protocols. With Interledger, you can build apps and sites with open standards.
Those who are just starting might want to go through a high-level of description of the Interledger Technology Stack and Technical specifications of the theoretical model for Interledger payments. They can also get more help from the Interledger forum, Interledger blog, and the RFCs.