Cryptocurrency behemoth Ripple has unveiled a new product called "RippleNet Home," which will allow its customers to connect and partner with each other.
According to the presentation, which was shown during this year's SWELL conference, RippleNet Home will allow companies to get insights about their payment flows and performance in real-time. Thus, it allows businesses to improve their capabilities and expand their presence in different markets around the globe.
The platform is useful for evaluating the size of the market and instantly finding the most suitable partners for the company's business growth. After performing due diligence, one can send a request and get connected.
By teaming up with each other, RippleNet members can enjoy low rates and instant settlement via Ripple's On-Demand Liquidity (ODL) service.
As reported by U.Today, RippleNet now has more than 300 members with "two dozen" of them using ODL for conducting cross-border payments with the help of XRP.
Ripple CEO Brad Garlinghouse claimed that 2019 was the strongest year for the company. However, that certainly doesn't pertain to XRP. The company's native token remains under selling pressure even during the much-anticipated conference, currently changing hands at $0.283.
Vladislav Sopov