Ripple came up with a novelty. Its new product, RippleNet Home, will allow companies to receive real-time information about their payment flows and performance.
“RippleNet Home will act as a hub where RippleNet members will be able to connect and partner with each other, analyze corridors and access data analytics on their own transactions,” a tweet reads.
November 7, 2019.
Ripple unveils brand new #RippleNetHome.
RippleNet Home will act as a hub where RippleNet members will be able to connect and partner with each other, analyze corridors and access data analytics on their own transactions.https://t.co/5XNjobS8Cq
— XRP Research Center (@XrpCenter) November 8, 2019
The platform is useful for assessing the market size and instantly finding the most suitable partners for the growth of a company’s business. Together, RippleNet members can enjoy low fees and instant settlement through the Ripple On-Demand Liquidity Service (ODL).
Currently, RippleNet has more than 300 customers. And many of them are using ODL to conduct international settlements using XRP. ODL first launched in Mexico and the Phillippines, then extended to Australia with Brazil being the next step.
“This year has been our strongest for Ripple yet. In 2019 we’ve seen continued momentum with customers, growth of RippleNet and adoption of On-Demand Liquidity. In just a year since we launched ODL, we are already making an impact on the bottom line for our customers,” said Brad Garlinghouse, CEO of Ripple. “We’re excited to continue this momentum into next year and for the expansion of ODL into new markets.”
What about XRP?
Despite such a fruitful year, the company’s token remains under sales pressure even during the long-awaited conference. And its current value is $ 0.283.
But RippleNet expands XRP capabilities through Flare Networks’ smart contracts. This approach will help XRP go deeper into the decentralized financial services (DeFi) industry.
Meanwhile, Brad Garlinghouse is conducting a 2,000,000 XPR giveaway devoted to Swell 2019.
Recently, Ripple set up a regulatory team in Washington D.C.