Altcoins News

Story: Ripple (XRP) Progress in Innovation in Payment Systems is Going to Continue

By Dan Saada

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RippleNet is now SOC2 certified.  The SOC2 certification makes a lot of difference for RippleNet’s product suit, as it guarantees highest standards in privacy, security, and…

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For clarity, SOC2 is the Sought-after System and Organization Controls 2 (SOC 2) certification.

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An independent CPA certifies excellence in privacy and security of the network after due analysis and documentation of the details by a set of reports.

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The financial institutions like the banks are those who are currently making use of this legacy software.

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It is very interesting to see that Ripple are very securely modernizing the payment infrastructure.

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Dramatic behavioral shifts happen overnight when it comes to payment infrastructure with increasing numbers of users shifting towards online shopping.

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RippleNet Cloud is able to help financial institutions increase efficiency and improve on product capabilities.

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Customers are also freed from having to maintain upgrades, monitor applications or administer databases when using RippleNet Cloud. 

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SOC 2 is the leading seal of approval in the industry which demonstrates RippleNet’s capabilities of securely delivering services which are appropriate for the modern world.

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Further in 2021, users will be able to see further customer adoption of RippleNet Cloud, which is expected to improve by the trust created by the newly awarded certification.

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While the progress on the authentication side is excellent, the SEC legal challenge is progressing as well.

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Moving forward, it is not going to be easy to stop innovation.  The progress in innovation in payment systems is going to continue.

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