Ripple expands its presence in the US market
Ripple is gradually occupying more and more new niches in the crypto industry. The company is actively expanding its own powers, opening up new industries for its own activities. For example, today it became known that the representatives of the company registered another trademark. What is hiding under the name “Ripplenet” and what is the future of Ripple in the nearest time period? Let’s figure it out.
Is Ripplenet a new product of the company?
Certainly. Literally today it became known that Ripple representatives applied to the US Department with a request to register another trademark within a single legal entity. At the moment, it is reliably known that the application is dated November 6, but the details were opened only on November 14. The specialists intend to register their own rights to Ripplenet. Details of the future project have not yet been disclosed, but even based on the name, we can already draw certain conclusions about what is hidden behind this name.
Most likely, we are talking about a certain system that will become the unification of all the launched Ripple products. It is noteworthy that the second name of Ripplenet is PayString. Everything immediately becomes clear: the company plans to release a system that will affect all the functionality for making payments. Most likely, in the near future, we will see a combination of fiat and cryptocurrency technologies in one place. Perhaps it will be an application. Perhaps – a separate protocol built on the Blockchain. There are not many technical details. However, experts are confident that we will be presented with a flexible tool that will take the work with finance to a new level.
When to wait for the launch of a new solution from Ripple?
The timing is also unclear. The fact is that a trademark can be registered without even having a finished product behind. Have a name idea? Go to the appropriate structures and get the rights to use a potential brand. Therefore, it is possible that at the moment Ripple has a registered trademark and only preliminary sketches of the project. It is also likely that PayString will not be launched in 2020. Ripple is known for its meticulous and thorough approach to detail, as large brands work with the company. This means that the company cannot afford such a luxury as the release of a low-quality product. This is why we recommend that you be patient. At the moment, we can only make forecasts. Let’s discuss what the prospects for Ripple are in the near future.
How justified is cooperation with the company
Users who have been in the crypto industry from the very beginning remember that Ripple had a rather dubious reputation in the past. The site was accused of financial fraud, showered with lawsuits and, in principle, refused to recognize XRP as a cryptocurrency. But time went on as usual, putting everything in its proper place. Now the cryptoindustry is not about thoughtlessly following the principles of the Blockchain, but about the ability to adapt, combining unbreakable rules and commercially beneficial offers. And Ripple, like no one else, knows how to keep in touch with both a simple user and a serious businessman. This is the main advantage of the company, the versatility and benefits of its products. Therefore, the prospects from mutual work with Ripple are extremely positive. Especially against the background of the release of a new project.
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