When Ripple (available on Binance) (XRP) was created, the developers had in mind a platform that could support financial and banking institutions. Almost a decade later, the company has started to see success, and although it’s not quite at a rate that was expected, there is some visible progress.

Ripple (available on Binance) Growing Relationship with Institutions

The company has already established an excellent working relationship with a number of central banks such as the Saudi Arabia Monetary Authority, the central bank of Saudi Arabia. According to former Chief Market Strategist Cory Johnson, the company also has an open communication relationship with the White House.

The World Bank and the IMF have lauded the efforts of Ripple (available on Binance) in transforming livelihoods. The objective is building liquidity, and the transfer of funds in Web 3.0 will be easier if firms and people were in a position to transfer funds instantly. Ripple (available on Binance) (XRP) enthusiasts believe that through XRP’s liquidity tool, xRapid, a facilitator can make it happen.