As the year ends, many platforms are releasing a review of how their companies have done. Ripple is one of the latest to release this type of content, saying that “the outlook may not be so bleak.” They started their report on the progress that their platform has made, readying them for a more widespread adoption next year.

One of the particular points of interest was the regulatory changes in blockchain and cryptocurrency around the world. Many regulators are starting to see how valuable it is to add this type of technology in their various industry, leading them to establish the framework needed for the use of digital assets. As such, the jurisdictions that have taken an interest have quickly become catalysts for the biggest changes in the space.

Ripple also brought up the way that institutional investors and Fortune 500 companies have been rapidly accepting and adopting these options. So far, IBM and Visa are just a few of the companies that have already established blockchain initiatives, while crypto custody services are being examined by Goldman Sachs Group, JPMorgan Chase, and others.

With Ripple, these changes in the industry have made it possible to make strides individually as well in business and technology. Their global payment network, RippleNet, presently reaches 40 different countries around the world, located in six continents. With XRP, the company has managed to maintain on-demand liquidity, and they saw their first companies on RippleNet that managed to leverage xRapid, which were MercuryFX, Cuallix, and Catalyst Corporate Federal Credit Union.

The Senior Vice President and COO of the latter, Brad Ganey, commented, “The traditional international wire experience fails to meet today’s expectations from a price, speed and ease-of-use perspective. Blockchain technology, and specifically Ripple’s xRapid product, resolves all three of these challenges simultaneously.

RippleNet also gained publicity after making it possible to access their services for a wider range of areas. Remittance services from Ripple has improved the performance of Santander’s OnePay FX and CoinOne Transfer’s Cross mobile apps. The customers are reaping the benefits as well, considering the lessened costs and errors as a result of Ripple’s technology.

Ripple’s changes have also brought more use cases for cross border payments, including the XPring initiative in May that made it possible “to build infrastructure and drive growth in blockchain through investments and partnerships.” XPring has since been responsible for multiple blockchain projects, like Omni and Securitize.

The University Blockchain Research Initiative (UBRI) was also established this year and has helped with educating students that could be the future developers in the fintech works. One participating university, McCombs School of Business at the University of Texas at Austin, expressed their hopes for the program. As the year begins, Professor Cesare Fracassi hopes “to make blockchain core to the University – in a way that reflects its reach and use in the real world.

As 2018 ends and the new year gets closer, Ripple has formed a hypothesis for the coming year –

“We predict 2019 will not only bring further regulatory clarity and widespread awareness of the impact this new technology offers, but also, it will be the year that interest and investment in blockchain and digital assets gives way to broad adoption. The year when a critical mass of financial institutions begin relying on this technology to drive global payments, and as a result, we begin to change the way money moves around the world.”

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