Chief strategist Ripple Corey Johnson shared information about the company’s plans for transforming the infrastructure of the online payments. In an interview with Techonomy, he said that RippleNet is a sort of level intended for Internet payments, which was not initially implemented.

As an example, Johnson asked a hypothetical money transfer from Thailand to the USA using xRapid. This operation, in his opinion, will only take a couple of minutes:

–.Imagine this situation: one financial institution sends another message: “We want to send 1000 $ in Thai baht in the US right now. The end result is “N” dollars. You don’t mind? Click “Yes””. Time, and ready. The whole transfer takes about 1-2 minutes. We believe that there is a special level for payment. We, thus, create the Internet for this purpose. And he called RippleNet, – said Johnson.

Speaking about the future of cryptocurrencies and blockchain in the whole industry, he believes that in the future many companies will use these technologies, but to date, Ripple is the undisputed leader in this field.

–.The blockchain is only beginning to develop, but we are probably the most advanced company in the industry. We have over 100 paying customers. The turnover of our network is about a billion dollars. We create a new payment corridors. When I joined the company nine months ago, we entered into one deal in six weeks. Now, however, we conclude cooperation agreements each week. I believe that soon the business will be more likely to use a blockchain, the digital assets or crypto-currencies for different technological solutions. Just as long as the technology is still too young –.said Johnson.

Such statements Corey Johnson partly confirm the words of the Director General Ripple of brad Garlinghouse. In a recent interview with Bloomberg, he has denied the rumors about the beginning of cooperation with SWIFT, and also stressed that Ripple to change it to the primary payment systems of the market.

The same news, only to Telegram. Without advertisements and spam.

Message Corey Johnson: RippleNet is a new level of Internet appeared first on Cryptocurrency Ripple (XRP): news, course, the forecast value.