In a postX, Austin King, who sold his company to Ripple and then worked there, confirmed the strategy for the mass adoption of XRP. King shared information about the design of RippleNet and its goal for cross-border payments.
📌How the Ripple System Works
The Ripple system eliminates the need for pre-funded accounts by using XRP as a bridge currency, making it easier to buy and sell XRP on local exchanges. This reduces exposure to volatility and allows for almost instant transfers.
🏦Institutional Confidence in XRP
Institutional confidence in XRP continues to grow, with speculation that institutional investors are buying more XRP. This dispels claims that XRP lacked institutional support and reaffirms its promise as a tool for broad financial applications.
📌What Does This Mean for the Future of XRP?
An increase in the adoption of an asset will always mean a bullish push🚀
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