XRP is one of the digital currencies cryptocurrency enthusiasts tend to overlook. It is true Ripple’s native token has nothing to do with Bitcoin or other cryptocurrencies as we know them today. Instead, it is an asset designed to bridge the gap between banking and decentralized technology. According to Ripple Exchange, LLC, a new XRP gateway will be announced very soon. A rather mysterious announcement, considering not too many details are made public right now.
While it is good to see the announcement by Ripple Exchange, LLC, it also raises a lot of questions. The website does indicate development has begun in April of 2017. This shows the team has been working on a major project which remains shrouded in mystery for the time being. Part of this project revolves around using Ripple’s blockchain technology, known as the Consensus Ledger. It is this ledger which will bring optimized services to financial service providers all over the world.
Making XRP Buying and Selling More Convenient
For the time being, no one knows what Ripple Exchange, LLC has planned exactly. The timeline on the website remains rather vague when it comes to specific information. We do know it will be a new XRP gateway application, but that still leaves lots of room for interpretation. The most logical outcome seems to be another way to buy and sell XRP in a convenient manner. While the asset is listed on dozens of exchanges, there’s always room for additional gateways.
It is true Ripple Exchange, LLC has been asking the public’s opinion regarding this matter. More specifically, they have been actively looking for user feedback on what they should build exactly. A bit of an unusual way to go about things, but a more than valid approach as well. After all, the people know best what they want to see from future services. Companies simply need to provide whatever it is users desire in a secure and convenient manner. It will be interesting to see what this company has come up with in this regard.
According to our information, the initial release of this platform will launch on October 15th. That means Ripple enthusiasts have to wait less than two weeks to see what this mystery is all about. It is evident this release coincides with the Ripple Swell Conference, which takes place in the same week. The future certainly looks intriguing for Ripple and XRP, that much no one can deny.