Ripple, the widely known blockchain tech has been pressing the right button in its quest to rule the cross-border payment industry across the board. It is spreading its business to make remittance payment flows smoothly into the Latin American part of the world, where Mexico that houses Bitso cryptocurrency exchange leads the way.
Successes Derived in Ripple and Bitso Partnership
Ripple’s effort is actually profiting, as the firm recently announced that it’s leading the way in Bitso exchange in terms of investment round.
Some days ago, it was reported that Ripple’s digital token XRP is getting closer to surpassing its all-time transaction volume in Bitso, the arguably leading crypto exchange in Latin America, situated in Mexico. The news left the XRP community in euphoria of the scenario. Actually, the digital currency has not stopped making the community of members behind it proud ever since.
It has continuously outperformed every top digital currency in terms of market price, including Bitcoin, the largest cryptocurrency by market capitalization. The mutuality between Ripple and XRP has quite become a win-win for the both of them.
The existing partnership between Ripple and Bitso has indeed exposed RippleNet’s US –MXN corridor to a delightful liquidity in daily transactions and payments. In early 2019, Ripple took a vital and necessary step to launch On-Demand Liquidity capabilities jointly with MoneyGram into Mexico. Bitso also played an exceptional role in the deal with its exchange utility.
As reported, Ripple promised to keep strengthening its relationship with Bitso, as favorable developments are expected to keep up between the duos.
A twitter account identified as XRP Research Center related this exciting update with the vast members of XRP community.
"@Bitso plays a vital role in #RippleNet’s US/MXN corridor by providing liquidity. This year, @Ripple launched #ODL capabilities with MoneyGram into Mexico, with Bitso as key partner. As Ripple expands ODL in LATAM, so too will our partnership with Bitso"https://t.co/3Bs372v7RS
— XRP Research Center (@XrpCenter) October 14, 2019
Change Is Coming To Ripple via UBRI
Ripple is also contributing its quota to the growth of Blockchain’s formal education around the world. Ripple University Blockchain Research Initiative (UBRI) is the result of the partnership between the US-based Blockchain Tech and some Universities around the globe.
This coloration will make Ripple shoulder the provision of financial and technical resources needed by faculty and students on research and technical projects.
According to information made available on UNIC, the institute for the future, Ripple has committed a whopping sum of money into this educational project. The sum reportedly ranges to around $50 million.
This innovative project will target blockchain, cryptocurrency, and digital payments, which is aimed at enhancing the students’ academic, research, and technical support about the nascent and digitalized technological solution.
28 top Universities around the world have been discretely chosen to be part of this UBRI project. These universities include but not limited to Princeton, Carnegie Mellon, Korea University, BarkeleyHaaS, and Cornell.
Quest of Ripple towards the Growth of Blockchain Technology
Ripple’s quest is not limited to ruling the payment industry – it also has unending thirst in educating the upcoming generation about the new but vastly growing technological solution.
Its strife could be simply termed as means to enhance the global reach and adoption of blockchain technology, as the world goes digital bit by bit.
Ripple’s consistent quest regarding this is obviously paying off – as this is also enhancing its popularity amount the payment firms in its chain.