Ripple CEO Brad Garlinghouse attended the 9th high-level conference on the International monetary system, which was attended by representatives of banks and financial institutions to discuss the past, present, and future International monetary system.
Participants from this Confession were executives from the other Central Banks and Monetary Otritas, and Garlinghouse was the only member invited from the tourism sector to participate in the conference.
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Garlinghouse, got his last turn to express and put pressure on the participants, starting with thanking Christine Lagarde as Managing Director of the International Monetary Fund, because she was included in the conference.
Garlinghouse shows that the global payment network and the sector, in general, have not caught up with the internet. He also added that the xCurrent Ripple technology is an upgrade from the SWIFT payment system.
"XCurrent is a type of SWIFT 2.0. "This is a much more efficient and more real-time message delivery framework on the basis of fiat currencies to fiat," he said.
The Ripple CEO also said that xCurrent Ripple technology does not target central banks, commercial banks, and other financial institutions. He also explained that "xRapid is where we use XRP to fund liquidity in real-time and to meet immediate demand from financial institutions and banks around the world."
"We brought this product to market in the fourth quarter of 2018, and soon we saw a demand from banks and financial institutions who wanted to open new corridors for payments, but did not want to open new Nostro and Vostro relations," Garlinghouse said.
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According to XRP research, no entity is really better than Ripple for digital assets into mass adoption. Ripple was able to explain the functional XRP and in the case of using the Central Bank conference, it was very surprising.
Source: Chepicap
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