Ripple, the US-based Blockchian Tech that’s known to be the steward of XRP, has since been working to convince and stamp its authority globally in terms of cross-border remittance. We are recalling the recognition it received from Luxembourg House of Finance & Technology (LHoFT) Innovators Directory, in a scroll that was released in January 2019.
Referring to the description given to Ripple by the Organisation – it is noteworthy enough to notify XRP community members, as the expected results play out for the Blockchain Tech by and by.
LHoFT is a Luxembourg dedicated Fintech center, where finance and technology interact to foster innovation and develop solutions to shape the future of financial services.
The organisation released the list of some notable companies, their attributes and qualities. The list unsurprisingly included Ripple and recognised XRP, the third largest cryptocurrency by market cap.
How LHoFT Described Ripple and its Digital Token XRP
Ripple has indeed welcomed a host of backlashes from within and without its community of members. The criticism arose due to what’s described as indiscriminate sell-off of its digital token, XRP. However, Ripple later came out to defend the reasons and importance of the sales.
Despite the criticisms directed at Ripple in the past and present, it keeps gaining global recognition. In the early days of 2019, Luxembourg House of Finance & Technology (LHoFT) described Ripple as the provider of a solution to cross-border payment unreliability.
It also pointed that Ripple proffered solution to slow and expensive transaction via its fast and cheap services. This is one of the attributes that basically sets the Payment Company and its token, XRP apart in the industry.
Citing the competitive advantage which Ripple possesses over others in its chain, LHoFT pointed that the payment tech’s network has included over 100 banks and financial institutions. Particularly mentioning the strategic partnership it earlier sealed with the payment giant, MoneyGram, which is expected to make full use of XRP.
Furthermore, the organisation described XRP as the best digital asset for payments, averring that Ripple is the Blockchain tech that’s best positioned to bring transformation to global payment.
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Ripple Makes 28th on the List of LinkedIn Top 50 United States Startups
Being part of top 50 startups, among countless startups of its kind in the United States is not easy to come by. Ripple is 28th on the list released by the world’s largest professional network, LinkedIn, a couple of days ago.
The achievement is second year in a row. Unlike this year, Ripple made top 10 in 2018, but its performance shows the stern competition it is faced with daily, and its ability keep competing.
Ripple has been blamed each time XRP’s price faces retrogression in the market, but the payment giant has always come forth to defend its interest in broaden the scope of the digital currency, which would be beneficial to its price subsequently.
Despite the tons of backlashes towards Ripple, some XRP investors still showcase their solidarity on daily basis, assuring that they can never trade their XRP holdings for any form of cryptocurrency, due to the glowing future they might have foreseen.