XRP Ledger

De Nederlandsche Bank (DNB), which is Netherlands' central bank, has shown interest in Ripple's payment protocol. The bank hailed Ripple's network as an excellent infrastructure that can boost the Dutch payment system's efficiency and speed. DNB referenced research conducted by the National Forum on innovative ways to improve the Dutch retail payment system. The study found that Ripple could offer financial institutions such as banks the infrastructure needed to facilitate real-time payments. As per the research, Ripple's fast blockchain technology…

A research paper was published on the website of Cornell University claiming that just 2 percent of all XRP transactions resulted in value transfers. The researchers noted that the majority of transactions on the XRP Ledger had zero value (that is, empty), which is a cryptocurrency version of spam. A software engineer and PhD student at Imperial College London was in charge of the published research which revealed the predominant spam on EOS and Tezos network traffic. Ripple responded to the research paper but…

Over the years, Ripple has grown prominently within the cryptocurrency space. In a nutshell, Ripple is a payment procedure that facilitates fast, frictionless cross-border payments with minimal fees. It operates on a series of servers, regularly communicating while maintaining a distributed ledger with updated balances and transactions. In addition, the cryptocurrency giant hosts a native asset, XRP, which was rebranded in late 2018 from the name Ripple. XRP acts as the chief medium for transferring value over the network. Ripple…

The most recent release from MoneyGram is an instant payment service that uses the power of Visa's payments to transfer money. Although the platform has been using Ripple's XRP as a remittance network, MoneyGram does not include XRP in its new service.  The name of MoneyGram's new instant remittance platform is FastSend, and it allows its users to send money just by using the name and phone number of the recipient.  Moneygram is using Visa payments to facilitate fast transactions…

Recently, FinNexus announced the use of the XRP ledger in a blog post. The development is a new milestone for XRPL. FinNexus is an open finance space that came up with a roadmap this year. The finance hub intends to use the XRP ledger for asset tokenization in protocol development. As in the roadmap, the finance hub noted the possibility of turning to some networks for creating a PCAP with the capability of connecting various digital currencies that include Ripple…