The latest developments that draw attention to Ripple coin comes into three viz. the official launch of Rippled Version 1.0.0, Europe’s leading bank Santander confirming utilizing Ripple’s OnePay FX in 50 percent of its international transfers and the upcoming potential launch of SBI Group holding’s crypto trading platform launch.
Ripple has officially released its rippled version 1.0.0. According to the announcement, this development took about 6 years. Rippled is basically a peer-to-peer network on which XRP operates on.
Talking about the “incremental improvements”, the blog states:
“v1.0.0 also symbolizes the growing maturity of the software and the increased stability of the decentralized, growing network of nodes that are running the software all around the world.”
The blog further describes the action required by the user:
“If you operate a rippled server, you should upgrade to rippled version 1.0.0 by Thursday, 2018-06-14, for service continuity.” In failure to do so will have the server “Amendment blocked”.
“Amendment blocked” means, the server cannot process transactions, validate the ledger, vote on future amendments and participate in consensus.
Also, read: This is How Ripple XRP Momentum will Take XRP Price to the Roof
This partnership holds immense value as Santander is the first major European bank to utilize the Ripple technology. This is Ripple’s prominent step into the mainstream finance industry.
The partnership is not something new but the confirmation by the Executive Chair of Santander Group, Ana Botin that “now 50% of the bank’s annual international transfers are carried by the Ripple-powered blockchain” is a big development.
One of the world’s largest bank in terms of asset wealth, Santander partnership make Ripple really valuable.
Just yesterday, Ripple’s official blog titled
“Live Transaction: Santander’s OnePay FX” provided the confirmation of that “millions of Santander’s customers in Europe now have access to same day, cross-border payments, a critical improvement from the three to five days it traditionally takes to send money internationally.”
SBI Group is one of the leading banking services of Japan that has been planning to launch a digital currency platform. Previously, it has been mentioned that the portal will offer trading for top cryptos like Bitcoin, Ethereum, Ripple, and Bitcoin cash.
Japan’s SBI holding has been always supportive of Ripple and there have been talks of the company planning to launch a crypto exchange with Ripple earlier this year.
This might become a reality soon, after all. The CEO of the company Kitao expects the exchange to be the number one in no time while sharing his thoughts on XRP with:
“XRP is faster, cheaper and more scalable than any other digital asset. I strongly believe it will become the global standard in digital currencies.”
Ripple has entered into a number of partnerships and its products are increasingly gaining adoption, these points only add to the growing popularity of it.
What are your views on these latest developments? Share your thoughts with us!
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