Ripple has been offering cross-border blockchain payment solutions to FinTech. RippleNet is already the point of trust for several hundreds of FinTech companies as it provides the infrastructure and strategy to move money to all corners of the world quickly. Better payments experience means greater economic opportunity for all.

High-performance payments businesses are finding it significantly easier with the advanced blockchain technology to help execute global payments. Using the On-demand liquidity service, they can eliminate pre-funding in the remittance process as they can leverage the potential of XRP in the process.

The prolonged lawsuit of Ripple Vs. SEC has had its influence in the XRP price.  The lawsuit does not seem to show signs of settlement anytime soon. The price of XRP as a result of the lawsuit has been sealed in tight ranges of support and resistance. The SEC claims that they are focused on consumer protection. And, they are creating a huge issue over the categorization of XRP as money, deposit, security, or commodity.

Gary Gensler:  The spirit of the law is about protecting investors. Our rigorous enforcement regime SEC government is about following the facts and the law, wherever they may lead, on behalf of investors and working families. This includes deceptive conduct by private funds, offering or accounting frauds, insider trading, market manipulation, failures to act in retail customers’ best interests, reporting violations, best execution, and fiduciary violations, or any other form of misconduct.

And, Brad Garlinghouse has been endlessly cribbing over a lack of regulatory clarity.

Brad Garlinghouse pointed to a Mark Cuban statement:  “How about making the lines bright and clear, so people know what the rules are? The problem isn’t that people are looking for grey areas; it’s that there rarely are defined rules. Regulation through litigation traps all the people who can’t afford a lawyer, accountant, or advisor.”

A smart contract is a blockchain-based program that encodes the conditions and fulfillment of an agreement between two or more parties who automatically fulfill the terms of the agreement some conditions are met. A smart contract can help you exchange anything of value in a transparent, traceable, tamper-resistant, and irreversible way.  XRP Ledger Escrows are used as smart contracts that release XRP after a certain time has passed or after a cryptographic condition has been fulfilled.

Ripple Labs have their own open-source project for smart contracts, called “Codius.” Now, does Codius Compare to Ethereum?

Smart contracts are also one of the most anticipated features that will come to Cardano with the Alonzo update.

So, Ethereum, Ripple, Cardano, and everyone seem to have versions of smart contracts equipping themselves with the potentialities for competition.

However, while Ethereum built its smart contract capabilities into its native blockchain code, Ripple opted to create Codius separate and apart from the XRP Ledger, for obvious technical reasons.