OMNI CEO Says XRP Could Be Used To Provide Rapid Liquidity Using xRapid

The CEO of OMNI, Thomas McLeod, which is also the co-founder of the platform, talked about Ripple and XRP. During the latest episode of the Ripple Drop, he also mentioned his experience introducing XRP on their platform apart from USD.

According, to the CEO the main objective of OMNI is to connect the whole world. The first idea they had was to storage and collect things, however, now they are building an entire rental marketplace.

He mentioned that nowadays there is a world that everything that we have should be connected with other people. Moreover, these individuals should also be able to use these things. He gave the example of a bike. If there is a person that is not using it, it is possible for people to make money on top of that.

McLeod continued its conversation talking about XRP integration and the impact it had on users in the platform. The platform wants to become a bank of assets rather than an institution to hold currencies. Instead of holding assets such as dollar and yen, it might be possible to have bikes, books or other things.

The CEO commented on this issue:

“It became very clear that this could be a great tool for both providing vast rapid liquidity for sort of cashing out the capital that you make through the rental side as well as in the future connecting individuals quickly with those assets.”

Additionally, Ethan Beard, SVP at Ripple, talked about xSpring and how it can be implemented. The xSpring service focuses on XRP and the XRP Ledger outside cross-border payments.

He mentioned that they are currently focused on many different things. They are trying to see whether it is possible or not to tokenize real-world assets. Furthermore, Miguel Vias, the Head of XRP Markets at Ripple, mentioned that XRP is being used by real businesses that move funds all over the world.

XRP is the second largest virtual currency in the market after Bitcoin (BTC). It has a market capitalization of $14.62 billion and each XRP token can be purchased for $0.36 dollars.