After Ripple President Monica Long made significant news, the company’s Chief Technology Officer (CTO), David Schwartz, talked about the new strategic plans. People first read the news on Ripple’s blog and then shared it on the X platform. It talks about the company’s new plans and goals for the future.
Schwartz said in his X post that Ripple is working harder to get its business to use the XRP Ledger’s technology and financial parts. Ripple wants its customers to be able to use decentralized finance (DeFi) in a way that is legal and safe all over the world. One of Ripple’s goals for financial services is to be “the #1 digital asset infrastructure provider by building the core components,” the company said. This sentence also shows how Ripple has changed the way they make goods over time.
Ripple’s Major Blockchain Achievements
President Monica Long talked about Ripple’s significant advance in blockchain technology, focusing on the company’s first significant move into foreign payments. She said that they were going to buy Metaco in 2023. There is a company called Metaco that saves digital assets and works with significant financial institutions like HSBC and BBVA Switzerland. This buy is a significant move forward for many people toward the day when bitcoin can be used to pay for things. They want to open a new office in Geneva and will soon be called Ripple Custody. Finally, Ripple wants to finish this process by adding its Liquidity Hub to the world’s banking system.
Long said that RLUSD, Ripple’s own stablecoin backed by USD, will be released on both the XRPL and Ethereum blockchains. Ripple Payments will accept both XRP and RLUSD when they are ready. These changes are meant to give significant customers more ways to send money across borders and meet their growing needs in this area.
Ripple wants to make it easy for banks to send and receive money and switch between crypto and regular currencies. This is part of their more significant plan. There are also hopes that the stablecoin will help app makers make apps with more advanced features. This will allow more people to use the apps and gain more users.
