Ripple Investors Delighted to See XRP, xRapid, RippleNet and xCurrent Continue Expansion Globally
Ripple, one of the largest and most popular digital currency companies in the world continues to expand its presence in the market with different products and services. During 2018, the company has been improving RippleNet and xCurrent products and it has also launched the so-called xRapid service for financial companies and banking institutions.
XRP is the digital currency that can be used with Ripple’s products and it also has been expanding all over the world.
The popular Ripple client Mercury Fx shared on Twitter important data regarding RippleNet and XRP. Institutions and Ripple partners can use XRP to improve their services and performance when processing transactions. During 2018, Ripple reached 100 clients working with its products, but its number grew to 200 just at the beginning of this year. Some of the banks working with RippleNet include Transpaygo, ConnectPay, Euro Exim Bank, Ahli Bank and many others.
In a recent blog post released by Hodor, on the official blog of the XRP community, he shows different interesting numbers related to XRP and Ripple as a whole. At the moment, Ripple is a company with 300 employees and 7 worldwide offices.
There are 8 official xRapid partners and more than 232 exchanges that are listing the XRP coin. Additionally, the XRP community has more than 1 million individuals in social networks.
Using XRP, companies can perform settlements in just 4 seconds and send more than 1,500 transactions in just a second. The scalability possibilities are almost unlimited using off-chain methods, allowing the network to grow up to 50,000 TPS.
Although there are very positive things to mention about XRP and Ripple, there are some issues that must be addressed as well. For example, in the United States, there are some regulatory issues that are worrying the whole XRP community. This is specifically related to whether XRP should be considered a security or not.
Despite this issue, Ripple was able to keep spreading the adoption of its products with small and medium-sized banks and financial institutions. Regulatory issues will take time to be solved.
At the time of writing this article, XRP is the second largest cryptocurrency with a market capitalization of $13.14 billion. Additionally, each XRP can be purchased for $0.32.