Bank of England Successfully Tests Ripple's Proof of Concept, Crucial Moment for Blockchain Community
Recently, Bank of England Tested a New Payment Method, using Interledger Programme Developed by Ripple.
The Results proved that Ripple's Interledger Programme can Process a Cross-Border Payment across 2 RTGS Systems successfully.
What is Ripple?
**Ripple is a California-based Startup that Specializes in Blockchain Technology.
Ripple's Technology can help in connecting Central Bank Systems, unlike other Technologies that aim to replace Banking with Blockchain. With Ripple, Money can be Moved b/w 2 Countries at Lower Cost - almost instantaneously and without risk involvement.
Statement by Bank of England Official : Financial Industry is Evolving, hence We need to introduce System Changes to support New Demands.
Highlights:
- Interledger Programme can Synchronise Transaction between 2 Central Banks,
- No Real Money or BOE's Core System was Involved in the Test.
Ripple Price in Last 90 Days...
- Lowest Price in 3 Months: 0.0297 USD
- Highest Price in 3 Months: 0.4054 USD
- Price Today: 0.1902
I Believe, The Undervalued Coin has started Gaining a Higher Attention. Not Far is the Time, when it Reaches and Crosses USD 10 Mark People!!
Recent Posts by Steem-God on Ripple:
- https://steemit.com/cryptocurrency/@steem-god/ripple-news-9-facts-about-ripple-that-you-cannot-afford-to-miss
- https://steemit.com/steemit/@steem-god/job-alert-ripple-is-hiring-magical-opportunity-for-making-career-in-finance-and-crypto
- https://steemit.com/bitcoin/@steem-god/steep-and-rapid-fall-of-altcoins-including-ethereum-litecoin-ripple-helps-bitcoin-recapture-40-crypto-market
- https://steemit.com/bitcoin/@steem-god/xrp-news-ripple-is-making-international-payments-quick-cheap-and-safe-who-all-shall-benefit
- https://steemit.com/bitcoin/@steem-god/ripple-news-the-method-you-make-payments-is-worth-a-millions
- https://steemit.com/ripple/@steem-god/ripple-is-the-next-big-thing-in-the-world-of-crypto-and-altcoins
Other Insights:
Market Cap of $7,284,170,699.29. Huge, isn't it?
Official Page: https://ripple.com/currency/
Facebook Likes: 18164
Twitter Followers: 64242
Reddit Subscribers: 15445.0
Average Users Online at any point of Time: 584.0 i.e. Big. Right?
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I do a Great Research before making any Announcement about the Prices and Future of any Altcoin. Also, I Listen to Everyone, but I Trust Nobody. Listen to my Announcements, Do your Research based on it and Invest Wisely. Success shall be Yours :)
sorry your a bit late :0
posted yesterday 16:30
https://steemit.com/news/@isacoin/price-alert-ripple-bank-of-england-successfully-tests-new-payment-method-ft
okay @isacoin .. congratulations on being d 1st on doing this .. but you hardly reached 30 people yesterday .. may be i can spread this news to a few more :)
true yours is much different and a lot more informative,
just had to :p
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STOPMy only concern about Ripple is that it is controlled by the big banks. Will the coin make money? Absolutely! Even so, the whole idea behind block chain technology is to decentralize control. Ripple is the antithesis of this.......
Ripple is centralised now, but going forward it will become more decentralised as it's open source and it's used by others as a platform. I thought Bitcoin was decentralised until recently!
Ripple is the banks attempt to retain some control in the business world. Cryptos have the potential to replace old style banking big time. Some coins like Monero (a good coin to invest in) have complete privacy, while many others do not. The point here, is that if we use Ripple for commercial transactions then the banks will control the whole process. They will continue to enslave us using the old banking rules. Cryptos cut out the banks by allowing peer to peer transactions. I can use Bitcoin/Litecoin etc to send any amount, anywhere in the world, for next to nothing. The bank can't track it, the Govenrment can't track it and they can't tax it. If you use Ripple then you are fair game! This is why Ripple is to be avoided at all costs - sure make some money off of it, but stay away from decentralized cryptos!