New XRP Research Center Data Shows XRP is Blossoming while Ripple and R3 Continue Growing Pains

Despite all the trouble that the bear market has brought to the crypto industry and all the lawsuits that Ripple is facing, 2018 was not a very bad year for Ripple’s cryptocurrency, XRP. Recently, a fan account named XRP Research Center has used Twitter to launch an “update” of how the ecosystem of Ripple evolved since mid-October.

The tweet focused on the integration of the XRP ecosystem with some other companies. The most visible information is that, by leaving animosities with R3 and its Corda blockchain aside, Ripple had a major victory in the expansion of its ecosystem.

You can see the full post on Twitter. There is an image that tries to explain how the ecosystem developed and the most important partnerships that were made.

R3 was certainly one of the most significant partnerships. Both companies used to be rivals and there was even a lawsuit between the two. The case was about whether R3 was allowed to purchase 5 billion XRP tokens for $0.0085 USD each at a Ripple subsidiary.

As the conflict was finally solved in September 2018. The dispute was solved under confidentiality so we do not know what happened but the result was very clear: the animosity between the two companies was finally over and both sides reached a settlement and come to peace with each other.

Other important partnerships of Ripple Santander’s One Pay FX, which will use Ripple’s xCurrent system. The system was awarded a FIAwards 2018 prize, a huge victory for both Ripple and Santander.

What awaits Ripple in 2019? If 2018 is something to be used as basis, success. The network faced some difficult problems this year but it was able to surpass them all, so if the bear market ends in 2019, there is no reason that Ripple will have a good time.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide