Focus on the banking market
However, the team wanted ripple's transaction confirmation speed to be much faster than bitcoin'saround the same time, chris larsen joined the development team, who later achieved considerable heights and became the official director of ripple labsThe history of ripple's creation says that after some time, in , an additional subsidiary, opencoins, was created, which worked in order to optimize the payment systembut a year later it was renamed ripple labs.
During the rebranding, the former teamto the mobile number list for was completely disbanded, and larsen, who became the new director of the company, significantly changed all the priorities of the companysince then, the company's activities have focused primarily on banking companies (see do banks need blockchain? )
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Thanks to the efforts of larsen, already inthe company received the first results, which could not but rejoicefinancial organizations really began to work with the organizationand the first bank to sign a formal agreement with the company was the german fidor
Gradually, other financial companies that operate in the financial sector began to join the companyand the next one to join the ranks of ripple was western unionit also attracted the banking conglomerates commonwealth bank of australiaexperts believe.
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