Ripple recently announced the consolidation of its services within RippleNet offering. The blockchain-oriented firm known for its convenient transfer features in the blockchain ecosystem made these changes to enhance service delivery to clients.
The New Ripple Network Outlook
A spokesman from Ripple noted that besides the change of name, the firm had sought to make its xRapid, xVia and xCurrent features more accessible. As a result, clients will now be able to use xVia and xCurrent on-premises in addition to cloud services. This will be an improvement from the current design that requires prospective clients to buy the features. Furthermore, Ripple’s xRapid technology will leverage the on-demand liquidity that comes under RippleNet offering.
According to Ripple’s sentiments, the strategy to consolidate under one network is a step in the right direction as the market evolves. One of the most notable reasons is a demand in the firm’s services that has seen its user base grow hence the need for a standard development that competes favourably.
Ripple’s Decentralization in Question!
The project has however had its fair share of criticisms with players in crypto attacking the fundamentals of Ripple’s decentralization. This has put the firm in a defensive position over its growth journey. Brad Garlinghouse, Ripple’s CEO, recently said the nature of Ripple’s transparent ecosystem is what has attracted many critics. He added that there exists a lot of misinformation about Ripple’s products amongst the crypto community which can be partly attributed to their success in creating a highly transparent network.