Ex Ripple Insider Says the xPool Product Can Be Secret Weapon to Help RippleNet Liquidity
A former employee at Ripple, Bob Way, believes that Ripple’s new technology xPool could be being developed at Ripple. Mr. Way was a former architect and product manager at Ripple Connect and worked for the company as a key member. During a conversation with Alex Cobb, Mr. Way said that xPool’s concept could be just speculation.
Speculation Related to xPool Grows
Bob Way explained that there is a gap in the public messaging from Ripple working as a company that is offering products and services to the banking community. Thus, he believes that the announcement will not be made to the general public. The expectation that the community currently has is when and how this new product will be launched.
Everyone should watch this.
— Dave Jones (@Dave_Jonez_02) March 28, 2019
As the former Ripple employee mentioned, xPool can work as a glue for the liquidity of Ripplenet, xRapid and also xCurrent. The liquidity can be perfectly used in order to support xVia and the network channels related to it. This shows that earlier rumors about xPool being a “pool of liquidity” could be closer to reality than previously expected.
About the launching date and timing, Mr. Way stated:
“The most reasonable expectation is in terms of timing, that is when and where it will be launched. There is a gap in the public messaging from Ripple as a company to the banking community and don’t expect this messaging to be aimed at you. As you are building this network, the bankers are going to want to connect more.”
It is worth mentioning that David Schwartz, the chief technology officer (CTO) at Ripple, commented that he is not allowed to say anything about xPool and the product they are working on. He said that after a person asked whether they are building a pool of XRP for customers to pool from.
Try this one: https://t.co/Z72JHwPH1W
— C3|Nik (@C3_Nik) March 14, 2019
XRP is the third largest digital currency in the market. It has a market capitalization of $12.82 billion and each coin can be purchased for $0.307 according to data provided by CoinMarketCap.