The CEO of Ripple, Brad Garlinghouse has claimed a superiority status for his company’s technology over the world’s largest blockchain, Bitcoin.
All About Technical Performance
Brad based his claims on the performance ratio of both platforms in terms of speed, and cost. As reported by ripplecoinnews Brad claimed that Bitcoin was 1000 times slower and expensive than XRP. But rather than concentrating all efforts on price, Brad said he was more interested in technical performance of the coin.
“I really don’t think about the price performance. I do think about the technical performance. And I think about the fact that XRP is about 1,000 times faster than a Bitcoin transaction and about 1,000 times less expensive than a Bitcoin transaction”, says Brad.
Brad’s assertion is based on the increasing number of mainstream platforms that are incorporating the Ripple technology. One of the recent incorporations comes from Santander, that announced the integration of RippleNet unto their OnePay X application.
Mainstream Adoption of XRP
This announcement came shortly after the October 01 2018 launch of xRapid by Ripple, a solution that it claims to now be commercially available to three companies in the US. These companies will use xRapid to open the US-Mexico and Europe channels allowing for fast cross border payment settlements.
Brad retains the opinion that the success of any digital asset must be measured on the backdrop of real live solutions that it offers to customers. This he says is what contributes positively to the blockchain community as it continues to expand.
Some of the elaborated solutions include Ripple’s pilot program that is enabling adopting companies save up to 70% on costs. According to reports, this solution is helping small and medium scale enterprises in Africa, Asia, Latin America and Europe to save costs and improving profits.
In recent weeks, the Ripple cryptocurrency XRP has experienced a significant surge in price. This has seen it occasionally overtake the second largest cryptocurrency in terms of market capitalization before the pull-backs that followed.
Iyke Aru is a seasoned author and educator in the blockchain and cryptocurrency industry. He has been in the business of crypto content writing for many years with thousands of his articles across several platforms on the internet. Iyke is based in Nigeria where he stands out as one of the most informed and credible figures in the cryptocurrency industry. Outside blockchain and crypto, you will most likely catch Iyke playing or discussing football with friends and family.