Ripple, the company behind the cryptocurrency XRP, has announced significant changes in its strategy, now focusing on decentralized finance and more effective solutions, excluding traditional banking structures.
Moving Away from Traditional Banks
Ripple's Chief Technology Officer, David Schwartz, explained that the company is abandoning traditional banking partnerships due to their slowness and conservativeness. Schwartz emphasized that despite the prestige that such partnerships bring, they rarely lead to the actual use of XRP. "Banks will never be Ripple success stories," he noted.
Transitioning to Real Transaction Volume
Ripple is now focused on generating real transaction volume and simplifying transactional processes, unlike symbolic partnerships. According to Schwartz, the company needs more than just press releases if it wants to make a significant impact on the financial market.
The Growing Importance of Decentralized Liquidity
Schwartz noted that XRP is now finding its opportunities outside traditional financial systems. With decentralized financial tools such as liquidity pools and crypto exchanges, XRP is poised to become a main player in the new financial ecosystem, signaling the dawn of a new era of decentralized liquidity.
Changes in Ripple's strategy indicate a significant shift not only for the company but for the entire financial system. XRP is no longer dependent on banks but instead relies on decentralized solutions and real-world use cases.
