Official: Ripple Announces of Having Signed 100+ Production Contracts

Coin Topper
Sep 7, 2018 · 2 min read

Chris Larsen, the executive chairman and the co-founder of Ripple, has uncovered the company currently has more than 100 production contracts signed and prepared to go.

The news comes by means of another picture of Larsen, who is a featured speaker at the Crypto Finance Conference in Half Moon Bay, California. The background graphic behind Larsen delineates a portion of the “100+” organizations that have signed contracts with Ripple.

This basically implies those organizations are not simply testing Ripple’s technology, but rather are additionally committed to commercially incorporating at least one of Ripple’s products later on.

Ripple has a suite of software solutions intended to enable financial institutions to enhance the speed, tracking and lower the cost of transactions. The cryptocurrency XRP is utilized in xRapid, which is Ripple’s crypto-based solution for enhancing cross-border payments.

Ripple CEO Brad Garlinghouse has already expressed that the organization is signing up an average of one bank to a production contract for each week:

“It’s been an incredible 2018 for us. We’re now signing up one bank to a production contract per week. We announced that we signed the largest bank in Kuwait, the National Bank of Kuwait, so if [Ripple] continues to build momentum and the dynamic there is the network effect.

The more participants, the more value in joining. So we’re seeing that momentum build.”

Ripple as of now owns… To continue reading click Here.

Read more on https://cointopper.com/news

Read more on https://cointopper.com/guides

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade