Ripple Hints Next-Generation XRP Trading Platform In The Works

639
Ripple Hints Next-Generation XRP Trading Platform In The Works
AdvertisementTC    

Ripple is not stopping its quest to achieve the highest quality standards for its technology and shortly after going through a major rebrand, they are now focused on updating its platform to meet the needs of today’s financial world.

In a recent job listing, the San Francisco-based company announced that it was looking for an engineer with extensive knowledge in the IT area, to lead and shape the engineering team in charge of the On-Demand Liquidity (ODL) platform.

“We’re looking for an engineering manager to lead and shape the team responsible for the ODL customer experience, integration into our next generation trading platform and be a critical part of defining the future trajectory of On Demand Liquidity and RippleNet.”

The ideal candidate should support the engineering team to improve its next-generation trading platform, managing and creating processes making ODL more efficient in general.

The job is very important for the company as the person to be hired will have significant responsibility for the funds and digital assets that Ripple manages through the RippleNet platform.

Previously, Ripple offered the xRapid, xVia, and xCurrent technology solutions, however in a recent decision, the company decided to merge all its products on one similar platform, now with On-Demand Liquidity, customers will be able to use XRP to connect two currencies in three seconds to ensure payments are sent and received quickly in local currency on either side of a transaction.

Advertisement

According to Ripple’s statements, company executives consider ODL to be “dated and Flawed”. This is why the company believes that to fulfill its global vision, they must improve the services they offer to their customers.

Ripple has had a complex year: XRP closed 2019 as the worst-performing token but despite this situation, the company has obtained good results from a corporate point of view.

Ripple’s On-Demand Liquidity platform is growing rapidly since the past year.

Ripple sends millions of dollars through its platform, connecting banks, payment providers, businesses and digital asset exchanges, providing its users with the best experience and solution for the liquidity crisis that banks and stock markets face these days.

One of the company’s most popular achievements is a partnership with Santander to launch a Blockchain-Powered payment service. One Pay FX, — which uses Ripple’s payment messaging system, as opposed to Ripple’s native token XRP, to move money between currencies.— keeps growing over time, and right now it is expanding to Latin America with Mexico and Brazil being the first adopters.

And even though dated and flawed, it seems that ODL is more efficient than the good old SWIFT system in a couple of ways.


Get Daily Crypto News On Facebook | Twitter | Telegram | Instagram


DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.