Ripple’s Website Gets Updated, RippleNet Showcased As The Only Payments Solution
The Ripple website has gone through a number of alterations which have been noticed by the XRP community. The site, which has been restructured, has pinpointed RippleNet as the only payments solution for international financial institutions as well as other transmittal service providers. Additionally, RippleNet is described as one frictionless experience to remit money worldwide.
A twitter user that goes by the name Carl Downing noted that xVia, xRapid and xCurrent were not highlighted in the new website. According to Carl, the website also highlighted the 50,000 transactions per second.
Could RippleNet Be The Famed Conjunction?
While responding to Carl’s tweet, another user on the platform had the idea that RippleNet could in essence be the conjunction solution that many users have been discussing for the past couple of weeks.
The user also said that the 50,000 transactions per second could only work through scaling options on the ledger. On its own, the XRP ledger has been known to be in a capacity to handle only 1,500 transactions within a second.
XRP To Source On-Demand Liquidity
Another new phenomenon on the new website is the fact that XRP has been put in the middle of RippleNet as a way of tracking down on-source demand liquidity. At the same time, XRP would guarantee that payments are sent and acknowledged on local coinages on either side of a business deal. The website also offers info-graphics to indicate how it operates.
On further analysis of the comprehensive info-graphics, it is vital to note that on either sides of a transaction, there are diverse fiat currencies which signify that RippleNet is active in the matching nations/regions of Europe, Thailand, US, Japan, Philippines and Mexico. Additionally, on either sides of XRP, there are virtual asset exchanges which match up with the firm’s most recent partners like Bitso, Bittrex, and Coins.ph.