Although Ripple has It and XRP Ledger are doubling down on their global payments journey since 2012. Meanwhile, company president Monica Long said on TechCrunch’s Chain Reaction podcast that the company is also committed to becoming the enterprise infrastructure provider of choice.
Long said that unlike the Ripple network and protocol, the XRP ledger is a decentralized public ledger with an open source code base that anyone can contribute to or use. Thousands of developers around the world do this, she added.
“The original creators of the ledger saw that this could be a modern system for moving value as fast and free as email,” Long said. “So today, instead of comparing the post office to email, we compare the banking system to a system implemented on the blockchain through decentralized exchanges.”
Long said that when the ledger was first launched in 2012, it was envisioned as a version of Bitcoin that would enable faster confirmation times at a lower cost system. “Developers see blockchain and public ledgers as a great way to represent, move and trade value around the world.”
By default, blockchains are transparent through on-chain data, which shows a transaction from start to finish.
"Forex trading is quite concentrated among those participants who actually have enough capital to provide liquidity for these trades," Long said. "So when you have high concentration, your pricing is not competitive."
