October 25, 2020

Swell 2019: Ripple unveils revolutionary product RippleNet Home

Ripple customers will be able to seamlessly interact with each other thanks to a new product under the name "RippleNet Home."

According to the presentation presented atThis year's SWELL conference, RippleNet Home will allow companies to receive real-time information on their payment flows and performance. Thus, companies will be able to improve their own capabilities and expand their activities in new markets.

The platform is useful for estimating market size andinstant search for the most suitable partners for the growth of the company’s business. Together, RippleNet members can enjoy low fees and instant settlement through the Ripple On Demand Liquidity Service (ODL).

Note that RippleNet currently has more than 300 members, dozens of whom use ODL to conduct international settlements using XRP.

Ripple CEO Brad Garlinghousestated that 2019 was the strongest for the company. However, this certainly does not apply to XRP. The company’s token remains under pressure from sales even during the long-awaited conference, and is currently trading at $ 0.283.