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Ripple Branch Out To Swiss Lands To Encourage Further Institutional Investment

 
Ripple Branch Out To Swiss Lands To Encourage Further Institutional Investment
Breaking News / Cryptocoins / Ripple

There’s been some pretty new wave stuff going on at Ripple over the past week. Recently, Ripple branched out a new office in Switzerland for the purpose of selling XRP to institutional investors. The new office is in going to be home in Zurich, one of the biggest cities with the most number of banks.

During the recent Swiss National Bank Conference held last month, the CEO of Ripple Brad Garlinghouse gave the audience a show as he enlightened them on the theory of blockchain. On top of this, he enlightened the most influential central and commercial bankers in the world who were in attendance on Ripple Technology and products.

The CEO explained that the big feature of blockchain is to allow two parties to transact between each other without the need to trust but operate with assurance and certainty. This function is performed with the blockchain in a cheaper and easier way through the support of digital computers and the internet.

As reported by ZyCrypto:

“Ripple has been in the game of solving international payments settlement problem using blockchain. It has been able to fill up the gap created by the SWIFT system which has not kept up with the age of the internet. It has remained slow, unreliable and expensive.”

According to Garlinghouse, Ripple can completely alter the transfer market through blockchain tech, just like the internet did for the information industry. His remarks were well received, leaving Ripple on the minds of the audience.

Ripple has been approved to open offices to sell XRP to institutional investors and establish several branches across the nation.

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