At the Swell conference, Brad Garlinghouse compared the company’s performance with last year’s. One of Ripple’s successes is RippleNet, which is growing exponentially.
More transactions in 1 month than the whole of 2018
According to Garlinghouse, RippleNet is currently growing so fast that it carried out more transactions in the month of October 2019 than in the whole of 2018. Ripple is currently seeing growth at RippleNet of around 10 times a year. According to Garlinghouse, two to three customers are currently being added each week. In total, Ripple has now been able to attract more than 300 customers.
Liquidity on request
Of these 300 customers, dozens of these customers now work with XRP through on-demand liquidity. Previously this was always done via the xRapid system, nowadays this is within the RippleNet system. As a result, customers do not always have to switch from Ripple systems. XRP seems to be forming a way in acceptance.
The annual ‘Swell’ event in Singapore is currently underway. This is a conference that is organized annually by Ripple. During this conference, several aspects of the company, the cryptocurrency, and the blockchain are discussed.
Ripple has evolved considerably in recent years. It has turned the blockchain world upside down with its unrivaled blockchain network. In addition, it has put the SWIFT technology of banks under pressure and might become the new SWIFT in the future.