Ripple is highlighting a growing list of use cases for the XRP Ledger.
In a new blog post, David Schwartz, the company’s chief technical officer, says developers are working to take advantage of XRP’s ability to settle in a matter of seconds.
The CTO points to Coil, a decentralized web content monetization platform utilizing XRP to offer online publishers more control over their work and allow fans to reward content creators using the digital asset.
Schwartz also calls out several platforms.
- Puma, a privacy-focused web browser with native web monetization support
- XRPtipbot, a popular platform for users on Twitter, Reddit and Discord to send XRP to one another by entering a string of commands
- CoinGate, a payments processor that allows consumers to pay merchants with cryptocurrencies
- Raised in Space Enterprises, an investment group that uses XRP and blockchain to fund entrepreneurs in the music space
In addition, Schwartz points to XRP’s role in RippleNet, Ripple’s global payments network. The company has said more than 20 of its customers plan to use xRapid, their XRP-powered cross-border payment product.
Schwartz says he believes the ledger’s Consensus Protocol has distinct merits that contrast with proof-of-work blockchains like Bitcoin.
“The ledger makes it easy for anyone to run a validator and use the consensus to approve new transactions. As a result, more people can participate and transactions typically settle within a few seconds. This design was driven by the payments use case — where rapid and cheap transaction finality addresses real use needs.