Now It’s Official: Ripple and Tas Working Together, XRP Liquidity Boosts

UTC by Bhushan Akolkar · 3 min read
Now It’s Official: Ripple and Tas Working Together, XRP Liquidity Boosts
Photo: TAS Group / Twitter

Ripple and TAS will be working together to overcome issues in the existing payments systems while leveraging Ripple’s blockchain technology and solutions.

In an official announcement, San Francisc0-based blockchain startup Ripple is now joining hands with software solution provider TAS. The official TAS website confirms its engagement with Ripple saying “Ripple is coming.. and TAS is ready!” As we all know, “Ripple is a ‘Global, Neutral Settlement System’ for bilateral settlement and exchange.”

On the other hand, software solution provider TAS works with several commercial and central banks across Europe and other parts of the world. Moreover, TAS is also the main broker-dealer of the Global Fortune 500. The company has also got its Financial Services centers in Italy and Europe.

Apart from being the biggest payments carrier in Europe, TAS also has a global presence across 7 countries. TAS serves 150 clients worldwide and also manages over 100 million cards globally. Dieter Schoene, managing director of TAS Germany said:

“We have been actively monitoring the blockchain market developments from the beginning, years ago, being the first Italian vendor to implement in 2014 a Ripple driver in our interbank payments hub allowing Banks to pilot and evaluate the Ripple value proposition for cross-border real-time payment transactions”

In one-page information, the TAS Group also shares how the existing payment systems are ailing with inefficiency. Some of the common problems include high transactions fees, over 2 days settlement times, lack of visibility, multiple failure points, and much more.

XRP Liquidity Getting a Huge Boost

Just as Ripple is making important partnerships, the native XRP token is gaining more grounds. This week itself, the XRP liquidity is getting a huge boost as the crypto token makes it way to a payment platform, exchanges, wallets, and lending provider. XRP enthusiast Leonidas shares information regarding the same on his Twitter.

XRP is currently the third-largest cryptocurrency with a market cap of over $20 billion. At the press time, XRP is trading at $0.51.

XRP 1000x Faster and Cheaper to Bitcoin

In a recent interview on Bloomberg TV, Ripple CEO Brad Garlinghouse spoke at length about Ripple and XRP. Garlinghouse talked about Ripple’s association with other companies in the crypto space and global financial institutions. Moreover, he also spoke on how XRP can be a useful commodity. He also said that XRP’s long-term growth will depend on the problems it solves.

Note that both Ripple and XRP are independent of each other. However, Garlinghouse said that just like Ripple XRP aims to solve real-world problems. The Ripple CEO further added:

“Yes, there is a lot of speculation and hype about Ripple and the crypto community as a whole. What we need to do now is to separate the two from each other and focus on expanding the real world use cases.”

Pitching XRP in a straight comparison with Bitcoin, Garlinghouse said: XRP’s services are a “1,000 times faster than Bitcoin [BTC] and a 1,000 times cheaper than Bitcoin”.

Altcoin News, Cryptocurrency news, News, XRP News
Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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