Ripple Insights have been recently contemplating about how important it is to create a digital future which should work for all and on how important it is to found it around sustainability.  Further reinstated on how XRP is leading the charge from the point of being a cryptocurrency.

The insight spoke about the pandemic induced economic shutdown and on the overall decline in the energy sector with the non-renewable energy resources like coal and oil facing major global declines.  Also, pointed to how the electricity demands went down by 20% during the lockdown.

Further noted that several countries are instituting recovery plans and policies that are digitally powered.  It is expected that the accelerated adoption of digital technology to only continue, because about 75% of them who are using the digital channels for the first time are stating that they would like to keep using them in the future.  Businesses are depending on these technologies to contribute to consumer needs by using remote workforce.

All of these imply that there will definitely be a long-term increase in energy consumption with the coming of advanced digital technologies being used very widely.

In summary, Ripple insights opine that the digital future is unsustainable as they will consume more energy with an ever increasing demand for energy and reduced energy production.

Further justified on how Bitcoin is not sustainable as a crypto and on how XRP is sustainable as a crypto for being green. Further establishing that XRP transactions settle instantly with less energy costs. Concluding with a bottom line that XRP is the key to furthering cryptocurrency adoption.

Ripple (XRP) ISO 20022 and Payment Infrastructures in Alignment

The Ripple Engineering team are publishing technical stuff in detail for those who will be interested in getting to know the intricate side of all things technical on the Ripple XRP network.

Sydney Ifergan, the crypto expert tweeted:  “Ripple (XRP) is green and good for crypto adoption; however, there will be newer innovations in place for increased energy production enough to sustain the overall ecosystem.”

Ripple insights has also pointed to how the pandemic has taught about the importance of access to money, particularly on-demand access to money with digital interaction. Further acknowledged how things have changed and how this can be the key to better optimizing the good way to do day to day tasks particularly in payments.

Also stated how solving the cross-border payment problem with RippleNet and ISO 20022 is bringing the legacy payment infrastructures in to alignment.