The past week has seen multiple updates from Ripple and XRP due to the ongoing Swell Conference 2019. The gathering witnessed various proponents from the field come together to discuss ideas as well as reveal new technologies and products. Ripple has been stealing the limelight at the show, and with the launch of RippleNet Home, it has tried to reach further than before.
The latest product is aimed to act as a point of confluence for users in the Ripple ecosystem so that transactions and requests are processed much faster. XRP Research Center also tweeted about the latest project saying:
“Ripple unveils brand new #RippleNetHome. RippleNet Home will act as a hub where RippleNet members will be able to connect and partner with each other, analyze corridors and access data analytics on their own transactions.”
Thanks to Ripple, banks will be more competitive
Many users in the space have claimed that the project will enable banking to become real-time and competitive for the first time in history. Ripple has stated that RippleNet Home provides an entirely new experience for consumers and investors with a focus on bettering the remittance market. The feature of RippleNet Home includes direct insights into the company’s payments flow with data being transmitted across regions in real-time.
The upgrade will come packaged with intelligent suggestions that are skewed to increase competitive advantage in the dog eat dog cryptocurrency world. Users and investors will be able to explore and interact with the growth parameters of their trade with the added option of improving existing corridors or expanding into new ones.
The application will allow companies to evaluate the size of other partners and get a robust assessment of their characteristics and make better decisions. During Swell, the RippleNet Home announcement stated:
“ With our latest technology , you will be able to choose a business partner that fits into your goals. Know your partners, all with the help of RippleNet Home.”
The Brad Garlinghouse led company has ensured that in the age of social media, instant access and connectivity between different parties was the norm. With RippleNet Home, users will be able to send requests to others instantly and manage their individual responses on the application. This is said to help track the network’s growth as well as the capital inflow/outflow. The announcement concluded by saying:
“RippleNetHome will allow members to track all payments on RippleNet, increase smart automation, analyse transaction history and fully optimize local payments at individual local companies.”
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.