Ripple (XRP) Progress in Innovation in Payment Systems is Going to Continue

RippleNet is now SOC2 certified.  The SOC2 certification makes a lot of difference for RippleNet’s product suit, as it guarantees highest standards in privacy, security, and safety. 

For clarity, SOC2 is the Sought-after System and Organization Controls 2 (SOC 2) certification.

An independent CPA certifies excellence in privacy and security of the network after due analysis and documentation of the details by a set of reports.  The SOC2 provides valuable information with respect to the security capabilities of the organization.  Thus, users will be able to assess the risks of the network and take their decisions when accessing the services which are facilitated by the certified provider.

The financial institutions like the banks are those who are currently making use of this legacy software.  Those who are trying to adopt using RippleNet Cloud will be able to do so with the confidence as Ripple has a certified, “seal of approval” which establishes that it meets the modern security and privacy needs. 

It is very interesting to see that Ripple are very securely modernizing the payment infrastructure.  The good thing about cloud-based solutions are scalability and flexibility.  These characteristics are very important for financial institutions to be able to cater to customer demands by adjusting to quickly changing environments.

Dramatic behavioral shifts happen overnight when it comes to payment infrastructure with increasing numbers of users shifting towards online shopping.  Cloud solutions are now ensuring continuity while minimizing disruptions.

RippleNet Cloud is able to help financial institutions increase efficiency and improve on product capabilities.  Also, helping customers reduce costs in services which might otherwise need traditionally fronted staffing who will be managing the on-premises infrastructure.

Customers are also freed from having to maintain upgrades, monitor applications or administer databases when using RippleNet Cloud. 

SOC 2 is the leading seal of approval in the industry which demonstrates RippleNet’s capabilities of securely delivering services which are appropriate for the modern world.

Further in 2021, users will be able to see further customer adoption of RippleNet Cloud, which is expected to improve by the trust created by the newly awarded certification.

While the progress on the authentication side is excellent, the SEC legal challenge is progressing as well.  The users are confident that progress is inevitable, it cannot be stopped. It can only be slowed down with a most definite futility.

Moving forward, it is not going to be easy to stop innovation.  The progress in innovation in payment systems is going to continue.