Ripple is one of the most controversial blockchain projects in the digital currency space. The blockchain project has fought so hard to remain relevant in the crypto space over the years. Ripple Inc. is the parent firm of XRP (XRP). Ripple has been working hard to revolutionize the financial industry and how money is moved around in the world. The firm is aimed at providing a fast, easy, cheap, and safe way of carrying out international payments.
Recently, Michael Arrington testified to this by explaining how his firm greatly benefited from the technologies of Ripple. Michael Arrington is the CEO of Arrington XRP Capital and he shared his testimonial about Ripple in a recent interview.
Arrington XRP Capital Transferred $50 Million in XRP with 30 Cents Fee
The CEO said the development team of his firm moved $50 million in XRP with awesome results, thanks to the blockchain of Ripple. He said the transaction took only two seconds. What was more amazing was the transaction cost. According to Arrington, the firm was charged only $0.30 for the transaction. He said this is amazing and other blockchains such as Bitcoin can’t even yield such results.
XRP (XRP) has seen an increase in the interest of individual and institutional investors over the past months. The possibility of transferring funds almost instantly at very low fees even makes the digital currency more attractive to daily users and investors. The digital currency has proven itself to be a better option than other digital currencies in the market when it comes to moving funds.