SVP of Xpring Ethan Beard Says Ripple Wants to Invest in Blockchain
Ripple is one of the most active and important companies in the cryptocurrency industry. It has been providing services and products to financial institutions to process they cross-border transactions. In this way, it was able to improve efficiency reducing processing times and transaction fees.
And indeed, Ripple built important products and solutions that have been embraced for more than 100 different companies around the world. Some of the institutions that are embracing Ripple’s product are Banco de Santander, American Express, or even Mastercard. The most interesting products provided by Ripple are xCurrent, xVia and xRapid.
Ripple has been investing in solutions for cross-border payments, to improve financial services around the world. However, this approach taken by the company could change in the near future. According to Ethan Beard, member of Ripple and SVP of Xpring, Ripple is also interested in blockchain technology and the different possibilities offered by it.
Ripple Ethan Beard, SVP of Xpring, "Investing in Blockchain" pic.twitter.com/4LmDP7tyTS
— 𝗕𝗮𝗻𝗸 𝑿𝑹𝑷 (@BankXRP) October 3, 2018
Beard explained that Ripple wants to create value in the market. However, Ripple is also interested in investing in Blockchain technology since, according to him, it could offer several advantages to money.
He then talked about the future of the cryptocurrency space and how they will be working at Ripple. He explained that at Ripple they will be focused on interoperability since there will be several blockchain projects in the market.
On the matter, he mentioned:
“We are also very focused on interoperability, we think that there’s going to be lots and lots of blockchains in the future, and we don’t think people are going to be carrying thousands of wallets and have to go to some specific exchange and buy some specific tokens there.”
After it, Beard said that investing in blockchain technology will provide the company with a change in creating value for the future.
Ripple has been growing in the last years and it was able to create its own business around the most important financial companies around the world. The number of entities working with Ripple continues to increase month after month. With new blockchain products and a higher investment in this technology Ripple would clearly build a strong company prepared for the future of the crypto space.