More recently, news sources every day published news related to Ripple. And this is understandable, because the technology Blockchain from this crypto currency is great for many financial institutions, primarily because of the speed of work.

Also, one should not forget about the centralized nature of the system, what distinguishes it from other qualities from other banks in the eyes of banks and regulators.

How much faster is Ripple of its direct competitor?

As for the speed of work, it was recently reported that XRP data processing speed exceeded the credit card giant Visa more than twice. Per second, VISA is capable of processing up to 24,000 transactions, and Ripple, for the same period of time, is capable of processing 50,000 transactions. Both figures can be seen on the official websites of both companies.

But the gap between the digital giant and any other competitor increases with the recent updates of COBALT.

At the moment, the total amount of Financial Institutions that plan to use the services and functions offered by XRP is more than one hundred.

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