What is the goal of Ripple’s issuance?
What is the goal of Ripple\’s issuance? Ripple\’s goal in issuing its currency is
What is the goal of Ripple’s issuance? Ripple’s goal in issuing its currency is to modernize the global payment system by building a company that can adapt to its own business model and technological characteristics, and by establishing new business networks to address the challenges faced by many cross-border payment solutions.
In this article, we will elaborate on the specific strategies employed by Ripple to achieve this goal. Specifically, the company will utilize XRP as a “convertible loan instrument” to provide digital currency services, support remittances and other services while charging customers, and collaborate with other banks or intermediaries. Additionally, Ripple will also utilize XRP for settlements. Furthermore, the project will introduce a technology framework based on XRP. (U.Today)
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