What Exciting Uses For XRP Will We See in the Near Future?
I’m most excited about cross-currency payments.
Is there a particular use case for XRP that you are most excited to see come to fruition? originally appeared on Quora, the place to gain and share knowledge, empowering people to learn from others and better understand the world. You can follow Quora on Twitter, Facebook, and Google Plus.
Obviously, I’m most excited about cross-currency payments. But that’s far from the only thing XRP can be used for.
Coil is using XRP and the Interledger protocol to make hundreds of millions of tiny payments to content providers, streaming money at the providers as the providers supply content to Coil’s customers. And the important thing is that the content providers don’t have to have any formal relationship with Coil. They just specify in the content where they want to receive payment and Coil, or any other web monetization provider using ILP, can pay them.
Through Xpring, we’ve had conversations with many other groups working on projects related to XRP. These range from wallets to liquidity providers to companies targeting specific verticals such as gaming.
Personally, I’m very excited about the prospect of seeing some of the specific features that Arthur and I built into the XRP Ledger seeing real use. Not only does the XRP Ledger have a decentralized exchanged with order books and automatic pathfinding for complex payments, it has peer-to-peer community credit features as well.
There are numerous XRPL features that build on the account-based design that distinguishes it from UTXO-based designs like bitcoin. These include the ability to change an account’s credentials without changing the receiving address and being able to specify the specific assets you’re willing to accept as payment. I’d love to see these features get more attention and use.
This question originally appeared on Quora. More questions on Quora:
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