The Ripple Network is working to explore new use cases for its blockchain network to become the Amazon of the Crypto Industry. The network in its most recent innovation is planning to expand beyond just partnering with international and national banks for modernizing cross-border transactions.
Ethan Beard, head of developers at Ripple revealed that the network is planning to grow big like Amazon by promoting the building of fresh applications on the Ripple network, Beard reiterated that Ripple is on the move from writing cheques to writing codes.
Recall that Ripple had mostly collaborated with banks to directly fund millions of cryptocurrency and blockchain establishments; however, the cryptocurrency giant is currently looking inward to revise its growth strategies.
This is after the Ripple network discovered that its core value remains in the Ripple blockchain and its native token XRP, even after the network has recorded unprecedented successes as a software solution provider to financial institutions.
Ripple, over the past five years with Brad GarlingHouse as its Chief Executive Officer, had focused effortlessly on cross-border payments, nevertheless, with optimism and actions that can make the Ripple blockchain become a highly-rated cryptocurrency ecosystem in the world, GarlingHouse averred that his team is working on innovations that would make Ripple become the Amazon of the Crypto Space.
GarlingHouse pointed out that Amazon in its genesis, sold nothing but books and books alone and in the same vein, the Ripple network had begun with payment and would in the next few years set a milestone achievement in the cryptocurrency community as Amazon had done with books.
Nonetheless, it is important to mention that Ripple had in 2019 launched a platform that was meant for finance-related applications only for its developers.
All the same, the company is currently working on developer tools that will help evaluate use cases on the Ripple network.