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2024/10/11 10:47

Expert Reveals Strategic Role of Codius in Ripple’

Expert Reveals Strategic Role of Codius in Ripple’s Vis

Ripple’s ambitions for XRP have always extended beyond cross-border payments. Common Sense Crypto attached an image delving into the company’s intentions.

According to the image, cross-border payments are merely a testing ground to prepare Ripple for a larger role in the financial ecosystem.

It suggests that Ripple aims to handle 100% of the transactions in the derivatives market, but has kept this intention under wraps due to the system’s current unpreparedness. The missing piece in this grand plan is Codius, a smart contract platform.

The Current Focus On Cross-Border Payments

Ripple has long targeted the inefficiencies in cross-border payments. By leveraging the speed and low cost of XRP, Ripple aims to provide an alternative to traditional banking systems like SWIFT.

However, the strategic focus on payments has come at the expense of developing Codius.

As Common Sense Crypto pointed out, Ripple sidelined Codius because “they were going after payments and competing with Swift and smart contracts make payments more expensive.”

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