From this revelation, it is easy to draw a number of conclusions. The first one is that the company was already set on using its own blockchain tech in cutting costs, and was only using Ripple (XRP) for comparative purposes.
This could be the reason why they didn’t do a mass testing of Ripple (XRP). They probably didn’t see the need to test Ripple (XRP) at scale and incur any further costs, only for them to deploy their own tech later along.
The other inference one can draw is that the company was probably ready to use Ripple (XRP), but then opted for an in-house tech as a way of keeping everything under its control. It could be the tech they filed a patent for, may not be as efficient as XRP, but the fact that it is their own, makes the company favor it.
Either way, this is a validation for XRP investors that XRP is still a superior cross-border payments tech, one that will continue to get adopted by banks and other financial institutions all across the globe. Santander group is already using ripple (XRP). Other banks that are using XCurrent will also cross to Xrapid after their trials.
They will do this because XRP cuts costs by an even bigger margin than XCurrent. Ripple (XRP) is also about to take over the Japanese banking industry thanks to the SBI consortium, which controls almost all banks in the Japanese market. Read more from cryptoglobalist.com…
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