The Ripple website has undergone some changes that have not gone unnoticed by the XRP community. The redesigned site has highlighted RippleNet as the sole payments solution for global banks and other remittance service providers. RippleNet is further described as one frictionless experience to send money globally.
One twitter user by the name of Carl Downing, noted that xCurrent, xRapid and xVia were missing from the new Ripple website. His tweet went on to note the mentioning of 50,000 transactions per second on the new site:
Where has Xcurrent, Xrapidand Xvia gone from ripple.com ? Everything seems to be branded Ripplenet now. Although use case references 50,000 transactions a second which is also interesting.
#XRP #XRPCommunity #XRPthestandard
Could RippleNet be the Famous Convergence?
In response to the above tweet, another user put forth the idea that RippleNet could actually be the Convergence solution everybody was talking about for the last one month or so. He also went on to correct that the 50,000 tps could only be possible through scaling options on the ledger. The XRP ledger has been noted as handling 1,500 transactions per second on its own. The full tweet can be found below.
Convergence, I guess.
50,000 transactions per second is with payment channels. (Add @Interledger and $XRP can scale to trillions of transactions per second.)
— Tiffany Hayden ⚡️ (@haydentiff) September 25, 2018
XRP To Source On-Demand Liquidity
On the new website, XRP has been placed at the center of RippleNet as a way of sourcing on-demand liquidity while still ensuring payments are sent and received in local currency on either side of a transaction. The site goes on to provide the following inforgraphic as to how it all works.
Further observing the detailed infographic, we note that on both sides are different fiat currencies that indicate that RippleNet is active in the corresponding countries/regions of the US, Europe, Japan, Mexico, Philippines and Thailand. Also on both sides of XRP, are Digital Asset Exchanges which probably correspond to Bittrex, Bitso and Coins.ph: Ripple’s most recent partners.
What are your thoughts on the new Ripple website? Do you think RippleNet is the Convergence solution? Please let us know in the comment section below.
[Image courtesy of Ripple.com]