The year started off impressively for many cryptocurrencies but none of that seemed to affect the price of XRP, and Ripple, the company which owns the biggest number of XRP, has been blamed by many in the crypto community for this state of affairs. In a new development, the Chief Technology Officer at the fintech company, David Schwartz, stated that it is trying to bring about more financial equality in the United States and in the rest of the world. One of the biggest selling points for XRP is the fact that it has a use case and could be used for cross border payments by institutions.
Schwartz was speaking at the UBRI Connect 2019 event, hosted by Ripple. He delivered the keynote address at the event and went on to state that the company is well-positioned to work towards financial inclusion.
He said, “We tend to think we’re overbanked in the United States because you could just go anywhere and open a bank account.” Then he went on to reveal that as many as 24 million people in America are underbanked and as many as 2 billion across the world.
However, that is not all. The company has had some interesting developments in recent days and must be the source of optimism among XRP fans. Forte, a company based out of San Francisco, has expressed its desire to change the gaming industry with the use of XRP.
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Forte is a Ripple partner and owns a fund worth $100 million with Xpring, and this could eventually prove to be a major boost for XRP. Forte wants to make life easier for game developers and bring about a system that is highly transparent. One of the executives stated that it wants to “offer a potent solution to the challenge of the complexity plaguing game developers that result in stagnant economy design.”
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