Ripple Plans Expansion into the DeFi Sector – David Schwartz

Ripple’s CTO, David Schwartz, has in a recent interview with BlockDown TV, revealed that the company’s plan for the next 5-years is to expand into a wide range of services which include deploying its services to the decentralized finance sector (DeFi).

According to Schwartz, an expansion into the DeFi sector will enable financial services such as loans and investments on the Ripple network, as the major reason behind the proposed expansion is to transform RippleNet into an integrated platform that will offer financial services alongside fast and secure cross-border payments.

The CTO mentioned that the Ripple network has its unique way of doing things, has its software installed in the transaction flow of its institutional partners. This he said, would allow the network to develop a new product or services which will be immediately incorporated into the transaction of those institutions.

newslogical.com

Ripple Plans Expansion into the DeFi Sector – David Schwartz
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