Ripple to Move 1B XRP From Escrow

The community has reacted quite violently; at the current rate, 1B XRP is $225 000 000
02 December 2019   132

California fintech startup Ripple unlocked another $ 225 million XRP tokens from escrow account.

After the first transaction, several tranches totaling 40 million XRP went to unknown addresses. As you can see from the comments above, the community is in mixed feelings.

TransferGo to Use Ripple Payment Solution With XRP

The company is using RippleNet at the moment, but in 2020 it will migrate to on demand liquidity solution to speed up payments
26 November 2019   186

TransferGo plans to switch to Ripple's on demand liquidity (ODL) payment solution, in which XRP acts as an intermediate currency.

The British company is currently using the RippleNet solution. With its help, money transfers from Europe to India are carried out. According to Daumantas Dvilinskas, co-founder and CEO of TransferGo, transferring funds takes only seven minutes. 

But, in his opinion, in 2020 “even a few minutes will be too slow” for the transfer. Therefore, the company seeks to integrate ODL as an alternative to pre-financing.

Dvilinskas noted that the use of RippleNet also helped reduce the cost of integrating new banking partners in organizing payment corridors. He claims that this allowed a 90% reduction in cross-border transfer fees.