Adaptation of XRP still in its infancy
Beard further states that cryptocurrencies will play an even greater role in payment transactions in the future. Sooner or later, in his opinion, the majority of money will be tied up in cryptocurrencies. However, it remains to be seen at what stage or to what extent this will take place in the future.
We spent the first year really just trying to get a lay of the land, trying to understand how can we work well with these companies, what’s going on out there. And so some of our investing was very specifically in companies that are directly using XRP. Some of it was also just investing in amazing teams that are working in interesting areas that we find fascinating and teams that we want to be able to work with in the future.
Ripple has positioned itself broadly through innovative purchases or acquisitions in various start-ups. In the area of decentralised financing, Ripple has invested in order to be present in this market as well. Virtual Mashine, enabling public and private networks to use and execute smart contracts.This is intended to increase interoperability and extend the scope of use of XRP. In the past, Ripple has often been criticized for having payment solutions that only serve one purpose of transaction processing and do not perform other functions outside the financial market.
Author : Collin Brown