According to recent data, XRP Ledger (XRPL) has managed to process over 75 million blocks, which serves as an indication that the solutions provided by Ripple, the San Francisco-based cross-border payment, are rapidly gaining adoption.
Blockchain technology has been steadily growing and gaining traction over the years. Although there are still challenges that are preventing stable growth, its global adoption seems unstoppable at the moment. Also, since its inception, Ripple has contributed immensely to the propagation of blockchain utility across the world, which is corroborated by the XRP Ledger’s recent data.
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XRP Ledger Has Processed Over 75 Million Blocks
According to data provided by XRPL.Services, at the time of filing this report, the ledger index, which details XRP Ledger’s latest block, is showing an index of 75,021,078. This indicates that the blockchain has managed to process over 75 million blocks, which is a notable milestone.
Similarly, the statistics provided show that a total of 4,327,723 accounts have been created. And this number is expected to be increasing steadily on a daily basis.
Growth of the XRP Ecosystem
Despite the ongoing lawsuit between Ripple, the major distributor of XRP, and the United States Securities and Exchange Commission (SEC), the XRP ecosystem continues to expand.
Ripple CEO, Brad Garlinghouse, had once noted that the firm will move its operation away from the U.S. if it loses to SEC in the ongoing XRP lawsuit.
Considering the rate at which Ripple is growing its business across the world, although a win for the firm will be huge for the industry, it will only serve as an added advantage.
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On October 11, the cross-border payment firm announced that it has partnered with Lemonway, a payment provider based in France. The firm will use Ripple’s XRP-powered On-Demand Liquidity (ODL) to enhance its treasury payments processes.
Similarly, Ripple has expanded its ODL solution into Sweden as Xbaht, which specializes in payments between Sweden and Thailand, becomes the fintech’s first ODL customer in the European country.
Obviously, expansion has become the order of the day for Ripple. Another good news is that everything is working in favor of the firm in the ongoing litigation and a win will certainly boost its popularity. XRP is also expected to see a massive boost in price.
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