The RippleNet Committee consisting of Ripple and an advisory team have been working together to ensure operational consistency.  The advisory team consists of leading transaction bankers who, along with Ripple, ensure that there is legal clarity in every transaction. Eventually, achieving a diverse reach.

Brad Garlinghouse, CEO of blockchain payments solution Ripple stated, his board takes to a satellite view of the world so that they can analyze the global macro trends that which might converge or diverge, affecting Ripple’s future.

He further spoke about the importance of diversity in thought, which is crucial to protect the company from group think. He opined that diverse boards bring in different personal networks to bear as the companies scale, particularly for startups with the most effective and impactful boards being those which are diverse.

XRP Market Price Trends

XRP has been consolidating at $0.2170 levels.  There is an upside resistance at $0.2180.  The coin will likely test the day’s high at 0.2197 beyond which the supply zone will attract the buyer’s attention.  The next support level is likely at 0.2157. Sellers target minor support of Pivot points.

RippleNet Committee Advisory Team

As RippleNet grows, the RippleNet Committee ensures that the rules and standards are enhanced to suit changing trends.  The advisory team consists of major transaction bankers like Standard Chartered, Bank of America Merrill Lynch, RBC, Santander, MUFG Bank, and estpac. 

The payments which move through the XRP ledger settle in just 3 seconds. Ever since inception, all the ledgers close without issue.  The technology backing and governance backing the system is stable and thereby makes it ready for institutional use.

Michael Brooks, CEO of goLance, partner of Ripple, stated that the current inefficiencies in cross border payments are offset by making transactions fast, quick, reliable, and cheap.  Freelancers get paid on time with minimal fees. Freelancers get more money in their hands-on time, and their quality of life is improved.

Paul Dwyer, CEO of Viamericas, one of the fastest money transmitters, stated, “Ripple’s On-Demand Liquidity enables us to send real-time payments and lower payment costs, as we can manage our liquidity more efficiently.”

Cedric Manager, CEO of One Pay FX, on Santander’s mobile app powered by RippleNet, stated, customers who did not do international transfers are doing it now.  Those who are using international transfers are doing more of it.  Those who have been using Fintech competition have come back because of the One Pay offering.