Ripple has been making headlines recently as its premier offering for cross-border payments, xRapid, is making strides towards building the necessary infrastructure for its implementation. This also bodes well for XRP HODLers as the product directly utilizes the liquidity pool offered by the world’s third-largest cryptocurrency.
The hype is also backed up by bullish statements made for the advancement of the product by Ripple executives. Cory Johnson, the chief market strategist for Ripple, stated:
“Mexico and the Philippines – those are countries where there’s a lot of remittance payments going out of other countries and into Mexico, into Philippines. And there’s a lot of trade in XRP, so I think we’re gonna see a lot of adoption of our products in those countries; we’ve already seen that.”
This comes after Ripple partnered with one of the biggest cross-border payment providers in the United States, known as Viamericas. The company offers services in 34 countries, with an established network of inroads into various local banking systems.
This was revealed in their brochure detailing how xRapid works, a part of their push to drive the product after it was launched earlier this month. The CEO of Viamericas, Paul Dwyer, stated:
“We believe that digital assets like XRP will play a key role in the future of cross-border payments, helping to safely address some of the structural inefficiencies of legacy settlement infrastructure.”
In an interview with CoinTelegraph, Cory Johnson also mentioned Ripple’s strategy to push its products. He stated:
“I expect our rollout would be…most will be xCurrent, a little bit will be xRapid, and even less will be xVia. Over time that might change, but initially the oldest stuff gets the most traction, because customers have had a chance to look at it the longest and get used to the idea more quickly. I think they’re going to those places where they’re ready for a change, but where does it have some actual use?”
This provides a much-needed boost to investor sentiment for the coin that is moving sideways.
After seeing a whopping 140% growth in a huge spike last month, XRP is now resting on the support lines it created for itself post the growth. However, the coin is now trading at $0.46 after a short upwards movement earlier today.
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Ripple’s XRP Ledger Dev Portal unveils updated version of WebSocket API Tool
Ripple XRP Ledger Dev Portal revealed an updated version of the WebSocket API Tool. The latest development in the Ripple ecosystem will enable users to directly communicate with rippled servers, which is responsible for powering the XRP Ledger Network.
An official post detailing the WebSocket update stated that the tool has been incorporated with unique functionalities to the existing tool structure. The “refreshed tool” which was launched as part of the recent site relaunch, allow users to choose which servers to connect, which will include public servers that Ripple operates, XRP Test Net servers or any server that the user locally runs on its computer. This feature is called Server Selector.
The refreshed tool provides options to connect to Ripple’s general-purpose public XRP Ledger servers, full-history public servers, Test Net servers, or to your own server running locally. This list can also change to provide more options in the future.
Another feature incorporated in the latest update is the new Permalink button. The button provides a link wherein users can use to share the current state of their inputs, which includes the request body and the selected server. The official post detailed that the Permalink feature is similar to other web tools such as JSFiddle or CodePen, which “provides a way to prepare a set of inputs and share it with others.”
Another feature is the curl Syntax Button, represented by “>_ ” icon. The button is designed to load a popup with the current inputs of the request box, which is converted into a JSON-RPC call which can be made with the curl utility.
To eliminate simple syntax errors, the upgraded tool has incorporated a feature called Error Highlighting, which as the name suggests, highlights lines with errors by placing red circled X marks.
The Message History Management will display all types of messages in one single stream, which maintains a history of the user’s previous calls until the page is closed or a different server is selected or the history is cleared by selecting the “Clear History” button. The blog further detailed,
“The amount of history the tool keeps at a time isn’t unlimited, which is another change from the previous version. By default, any time the tool receives a new message, it deletes any messages older than the most recent 50, though you can set this to be any amount you like.”
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