CEO of Arrington XRP Capital says the company has transferred $ 50 million in XRP by $ 0.3 in two seconds – XRP News Today – XRP / USD today's price
Ripple is one of the most controversial blockchain projects in the digital currency area. The Blockchain project has fought so hard to remain relevant in the crypt area over the years. Ripple Inc. is the parent company XRP (XRP). Ripple has worked hard to revolutionize the financial industry and how money is being moved around the world. The company aims to provide a quick, easy, inexpensive and secure way to make international payments.
Recently, Michael Arrington has witnessed this by explaining how his firm greatly benefits from Ripple technology. Michael Arrington is Managing Director of Arrington XRP Capital, and he shared his testimony of Ripple in a recent interview.
Arrington XRP Capital transferred $ 50 million to XRP by 30 cents fee
The CEO said that his team moved $ 50 Million in XRP with great results thanks to Ripple's block chain. He said the transaction took just two seconds. What was more amazing was the transaction cost. According to Arrington, the company was charged only $ 0.30 for the transaction. He said this is amazing, and other blocks like Bitcoin can not even give such results.
XRP (XRP) has seen an increase in interest for individual and institutional investors in recent months. The ability to transfer funds almost immediately to very low fees makes the digital currency more attractive to daily users and investors. The digital currency has proved to be a better alternative than other digital currencies in the market when it comes to moving funds.
Michael Arrington said he did not understand why there is so much hatred against Ripple, even though the firm is true to its principle and well established. He said that Ripple fulfills a great purpose and it makes it successful.
Rippel has gained popularity over the last couple of weeks
Over the last few weeks, Ripple's popularity has been on its way upwards. There are still some people in the digital currency area that do not approve the philosophy of the company. However, the community of XRP and Ripple has grown stronger and society is increasing by number every day.
Ripple is set to attract more institutional investors with xRapid
Recently, Ripple Inc. has launched xRapid, and the company has been doing the headlines since then. xRapid uses XRP to facilitate international settlements. The company aims to use the product to attract a new wave of institutional investors. So far, about four companies have adopted xRapid, and they use commercial use of the product.
The product is intended to help banks and providers of financial services to save costs and time when making cross-border payments. The product is safe, fast and cost effective.
XRP (XRP) Price Today ̵[ads1]1; XRP / USD
XRP (XRP) is still the third largest digital currency in the world by market value. The digital currency currently has a market value of $ 18.45 billion and a trading volume of $ 234.54 million. The XRP (XRP) is currently trading at $ 0.4612 after an increase of about one percent over the past twenty four hours.
