Indeed, experts are working to make cryptocurrencies useful in a wide range of use cases. In addition, experts have made a classification of cryptocurrencies and the networks on which they operate.
Then, they divide the projects studied into blockchain and base layer cryptocurrency, second layer protocols of the products. Experts create this classification to educate and publicize this asset class.
The WEF claims that Ripple is “the next generation financial infrastructure”. Ripple creates a global financial communication bridge. It allows its customers to send money quickly, securely and at low cost.
Additionally, the WEF report notes that RippleNet is decentralizing and standardizing. It does not have a single point of failure. These advantages are added to the on-demand liquidity solution. This eliminates the need for two financial institutions to have pre-funded accounts. It also adds elements regarding the capabilities of XRP.
Finally, Ripple is successful in getting hundreds of customers to join RippleNet. It allows about thirty to actively use their ODL. Among them, the World Economic Forum highlights Santander Bank, American Express, SBI, MoneyGram, Azimo, among others.
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