- Ripple customers to have “an entirely new experience,” with the new product RippleNet Home
- Insights about payment flows and performance, intelligent suggestions, growth opportunities, in store for partner companies
- XRP loses 10% of its value since yesterday but trader bullish as ever
During the ongoing Swell event, Ripple has introduced a new product called RippleNet Home.
Sharing a glimpse of what's in store from RippleNet Home, the company reveals what is going to be “an entirely new experience.”
This new product will offer the partners of the RippleNet, a global payments network, to get insights about their company's payment flows and performance in real-time. Also, RippleNet Home will provide them “intelligent suggestions” for how these partners can grow their market share and increase the competitive advantage in different parts of the globe.
It further enables the partners to evaluate the size and potential of relevant markets and as the partner companies explore and interact with networks “growth opportunities for your company get surfaced to improve your capabilities in the existing quarter or expanding to a new one.”
Grow your Network and Reach
The voiceover in the video from the event then moves to share how this new product will “immediately” find a partner that best fits the business goals of the company.
Apart from finding the best fit, the companies get to know the potential partners, their capabilities and even perform the necessary due diligence and all that within RippleNet Home.
It doesn’t end here, RippleNet Home lets you get connected instantly after sending a request to the partner.
This new product has, even more, to offer its customers in the form that one receives new opportunities to connect with RippleNet members, manage and respond to all inbound requests at one central place from anywhere, and “watch as your network and your reach continue to grow.”
RippleNet partners can also track all of their payments with smart automation and analyze transaction history to fully optimize global payments.
XRP Losses 10% of its Value Since Yesterday
As we reported, on the first day of the event, Ripple announced that its partners’ list has surpassed 300 customers. While RippleNet recorded 10x YoY growth, ODL that leverages XRP registers “tremendous growth and customer interest.”
Its latest partner MoneyGram also said that they have started “executing foreign currency trades with the Philippine peso using ODL.”
Ripple CEO Brad Garlinghouse said 2019 has been its “strongest” year yet while sharing the plans to open additional corridors across APAC, LATAM, and EMEA in 2020.
On the price front, the digital asset XRP is having a negative reaction to the event. On Nov. 7 XRP was trading at $0.3140 and today it went down to $0.276 level, losing 12% of its value, as per Coincodex.
However, trader CredibleCrypto is bullish as ever.
He reminiscences how during the previous bull market the third-largest digital asset started running two years after the low put by Bitcoin bear market and the flagship cryptocurrency had broken the ATH. And once XRP started running, it jumped 1000x.
But just like with BTC, the trader doesn’t expect another 1000x gains this time. Though “a lot less than 1000x,” the gains will still be “very significant,” he said.