Ripple has been added to coinbase trading platform recently, paving a clear path in its evolution to be next bitcoin. This year 2018 belong to ripple as many banking systems are running their trial on this blockchain technology.
xrp price⇁ $0.9868




LATEST RIPPLE NEWS ⇀⇁

The Japan Bank Consortium lines up 47 banks that will start Ripple applications in near future.
These are unconfirmed reports, yes, but we are talking about 47 banks!
Today, unconfirmed reports indicate that about 47 banks in Japan were considering adopting Ripple’s financial applications. The Japan Bank Consortium has indicated that they will seek to implement several Ripple initiatives as part of their operations.
One attractive element of the Ripple ecosystem pulling in financial institutions from around the world lies in the ease with which banks could handle domestic and cross-border financial obligations.
And all these happen on the Ripple network through three platform projects. We have the xRapid, xCurrent, and xVia. These initiatives work to make handling financial matters swift and cheaper to any location around the world.
South Korea Bank to Trial Ripple, and hints at a full Integration
Banks seem to be waking up to the idea that blockchain technology is essential, especially where speed, integrity, and transparency of transactions are concerned. That’s why Woori, one of the largest banks in South Korea said it had run trial tests on Ripple’s XRP token. The successful transaction on Ripple’s blockchain completes a set of trial runs undertaken by the bank. According to media reports attributed to Chosun, Korea’s reputable financial news outlet, Woori could be on the way to implementing large-scale payments or remittances using the Ripple cryptocurrency within 2018.


It emerged that Woori believes Ripple (XRP)’s near-instant speed makes it far better than Swift, which can take up to 3 days to finalize inter-bank transactions. This view supports the notion that many banks in Japan and South Korea are likely to start using Ripplenet applications on a commercial level as early as Q3 2018.
Cambridge Global Payments, (through parent company Fleetcor Technologies), to use XRP
This is probably even more appealing to the Ripple project than what the banks want to do. Suggestions that payment provider Fleetcor Technologies wanted to trial the use of XRP should excite any XRP investor. By deciding to utilize xRapid, Fleetcor will be using XRP coin in its payment remittances. I don’t see why this will not have a direct impact on the cryptocurrency prices in the future.
This pilot project will also include financial consultants Cambridge Global Payments, which is based in Canada. Perhaps more interesting is the fact that CGP has been working with Ripple since 2017, mostly utilizing Ripple’s xCurrent product.
This foray into the use of XRP by Fleetcor Technologies will help XRP become accepted more quickly in the region and around the world. If the pilot project succeeds, then we can only expect many more financial institutions take similar steps.
MAJOR REASON BEHIND ITS ADOPTION ON TRIAL BASES IN THESE BANKS ⤵
Ripple claim its products are cheaper and faster, but it also touts them as generally more efficient than the services in the marketplace today, a claim that hinges primarily on its use of blockchain technology and cryptocurrency.
Bolbhai

Bolbhai

I have been a developer for last five years working experience in different technology, apart from this I loved traveling, blogging and exploring the crypto world.

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