Ripple reaps benefits of payments focus

Ripple has come to be the dominant name for payments in the distributed ledger (DL) space, thanks largely to the decision to consolidate its efforts.

The company seems to have become the go-to for payments for financial institutions and tech providers alike, with a number now working on pilots.

Speaking about Ripple’s dominance of the payments space last year to a senior officer at a tech company, Euromoney asked if there was a reason Ripple had been able to establish working relationships with so many banks and tech companies over and above other DL competitors. The response was “good marketing”.

Although this might play a part, it is slightly disingenuous.

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