Ripple co-founder Chris Larsen commented on the company’s competition and trends in the expansion of the market at a conference held from 5th to 7th this month.
In an interview by Cheddar, Mr. Larsen pointed out that other companies such as IBM are entering the development of international remittance service using the block chain, “As other companies have started paying attention to the problems of the conventional international remittance system It is a good thing. “
Is ripple (XRP) · xRapid conflict? IBM developed international remittance protocol
As competition began to appear, Ripple partnered with a number of payment agencies and emphasized that it is the leading industry in the industry who has already completed the development phase and started official service.
In addition, Mr. Larsen commented that favorable regulation making is progressing in various regions around the world , mainly in Southeast Asia including Japan and Korea and the United States .
In the interview, there was also a question on how the XRP price will move in the market that will continue to decline from the end of last year.
In response to this question Larsen claimed that apart from the speculative price movements, XRP is a currency that remains in the long run, due to its high liquidity and a clear use case.
Article Source: Ripple Co-Founder Chris Larsen on the State of Crypto
Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/chris-larsen-xrp-cheddar/
Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for informational purposes only. We are not an investment advisor and do not provide financial advice.
It’s also important to it properly to diligence and analysis, including consulting a professional financial advisor, No content on Coin News Desk makes up a recommendation to enter in any type of investment or to engage in any investment strategy present on this website.