The Ripple show and its institutional penetration with its Professor XRP book was always at the forefront of discussions when it comes to the encryption industry. Recently, there has been a lot of debate about whether Ripple would use LEDGER XRP to replace Swift, which process trillion dollars trillion per year. However, it seems that Ripple is still far from this dream because his CEO has highlighted some of the main details that must be placed before the institutions on board are properly.
Preparation of Professor XRP book
In the X (previously on Twitter), XRP auditor, by Vet_x0, revealed the contents of the conversation he had with the CEO of Ripple Brad Garlinghouse. According to Vet, they asked Garinghouse through the institutional adoption of the XRP book, and the CEO simply answered that it was privacy.
Basically, for institutional investors who are doing large transactions to be able to use the notebook of the General Professor, they want to guarantee the privacy of their transactions. This would allow them to deal with the ease of mind without worrying about their tracking in every step on the road.
Given this, critics have made clear that all the moves were made by Ripple were taking place regarding the I XRP notebook. The first was the fact that there are many developments surrounding the professor's book. This ranges from the implementation of a decentralized definition (DID) and also accreditation papers, as well as the expected launch of the comfortable central exchanges and fields.
Another gift is the fact that Ripple launched multi -purpose symbols (MPTS) at the Professor's notebook. This was another step in its dominance on the distinctive assets area, which allowed an easy and smooth code for the assets on Professor XRP book.
The last step for institutional adoption
With the above changes already, only privacy, as well as lending and borrowing, must be implemented. Bet explains, however, this is already on the way, especially with XLS-66 expected to land soon.
Vet explains that if the Ripple is able to implement the privacy of the XRP book using the ZK-Rollups, it helps to verify institutions' transactions on the chain while allowing the account to happen elsewhere. They will also be able to issue safe accreditation data on the series to help the Kyc/AML slidess, with the ability to use Dexes, as well as use a real world guarantee to borrow from other institutions.
Finally, the auditor also indicates that the XLS-101 smart contracts on the Professor XRP book can be the key to it. “For the safety of the network and as a goal for all our fixed functional tools,” he said.
Distinctive image from Dall.e, Chart from TradingView.com
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
