A few things are making a case for the XRP Ledger: the rise of AI in payments, some mention in DTCC’s educational content, and a round of blockchain lending trials. All of which may be a sign that the cryptocurrency is set to make inroads in more sectors.
AI-driven Payments on XRP Ledger
Take the upswing in demand for automated, AI-based payments, for instance. It has drawn attention to what the XRP Ledger can do. Cheeky Crypto reports that work is being done to let AI initiate cross-border transactions on the ledger with minimal input, for the sake of speed. In a way, this is how smart payments will be run in the future, and it could put XRP in a strong position in a changing market.
Institutional Recognition Through DTCC
The fact that the XRP Ledger is mentioned in some of the educational materials from the Depository Trust & Clearing Corporation (DTCC) is yet another sign of its potential. The DTCC, after all, is a cornerstone of traditional financial infrastructure. In a piece by Cheeky Crypto, this kind of visibility for XRP in their work is highlighted as evidence of institutions’ increasing comfort with the asset, and perhaps a step toward integrating blockchain into the current system. For those who support crypto going mainstream, it is a welcome development.
Blockchain-based Lending Tests
Then there is the matter of lending. The fact that the XRP Ledger is being tested for on-chain lending is a case in point. As the Cheeky Crypto channel reports, the goal of these trials is to propose a way of doing business that is more open and streamlined than what is found in conventional banking. It is a move that, if successful, would do more for XRP than just facilitate payments; it would put the asset in the running for everything from DeFi to the kind of lending done by institutions.
Source — Cheeky Crypto: https://www.youtube.com/watch?v=buS7DXbWreE
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