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RippleNet CEO Ashish Birla clarified some points regarding the comparison in a series of tweets On-Demand Liquidity Ripple (ODL – liquidity on demand) and Lightning Network. After integrating the digital payment platform Strikebuilt on the basis of the Bitcoin Lightning Network, с Shopify – software for online and retail stores – bitcoin users were filled with optimism.
This integration will allow merchants to receive bitcoin payments from customers as US dollars. This caused a lot of speculation that Strike would compete with Ripple and its products.
Speaking of comparing Lightning with продуктом Ripple On-Demand Liquidity based on XRP, Birla points out that commentators there is “delusions«:
The use of digital assets is only one of the components of the ODL solution. Our team has accumulated experience in the markets with final destination currencies (PHP – Philippines, MXN – Mexican peso, ed. note) – and over the years we have solved liquidity problems in order to attract hundreds of customers.
Cryptocurrency markets are historically more volatile than fiat markets, and providing reliable exchange rates with crypto-currency liquidity takes time to hone and perfect.
He also notes that, despite specific problems such as volatility and regulatory issuesrelated to the liquidity of cryptocurrencies, Ripple currently has over 20 open ODL markets as it continues to strive for global reach.
Ripple’s On-Demand Liquidity (ODL) allows customers to instantly transfer money around the world at any time without having to advance replenishment of accounts. The company also creates her redundancy on major markets. And regulatory problems are a natural phenomenon, because there are countries regulators required YEARSto get used to cryptocurrency.
He concludes:
“Replacing only the cryptocurrency part of the solution is like offering General Motors to just use the Energizer battery and be ready to compete with Tesla.” There’s a lot to think about here.”
#ODL #compared #Lightning #network #Ripples #Ashish #Birla
