Tech giants are actively exploring blockchain technology to increase their efficiency. In an latest development, Amazon is showing active interest in integrating Ripple’s XRP into its payment system. During an official Amazon Web Service (AWS) panel, a company representative disclosed that they are collaborating with Ripple upfront.
The lady representative said, “We also have someone in our team dedicated to seeing where XRP for payments can be of use and working with different merchants, as well as consumer platforms and apps.” She further disclosed that they want to see where there could be a best opportunity for us there.
The XRP army has hailed the move as a sign that adoption is shifting from talk to action. With AWS commanding a massive presence in global cloud services and enterprise infrastructure, any future integration could dramatically boost XRP’s utility.
While this can be huge news if the collaboration does happen, as of now both firms haven’t made any specific statement. This is a panel discussion, and not an official announcement of integrating XRP into the Amazon payment system. However, since AWS is exploring XRP, in future it might adopt the crypto for cross-border transactions. If the venture is successful, then it could even consider integrating XRP into other product apart from AWS.
Ripple’s Ecosystem Advantage
Ripple, the company behind XRP, has already been active in the enterprise corridors by collaborating with banks, payment providers, and regulators globally. Recently Ripple received a license in the Middle East for its stablecoin RLUSD from Dubai Financial Services Authority (DFSA).
Following which Ripple has already teamed up with local partners, Zand Bank and Mamo for blockchain payments. With its lawsuit with SEC settling up after years of wait, the firm also expects US banks to embrace XRP. The company hopes that the final settlement will provide comfort to financial institutions and lead to real business opportunities in the United States.
Also Read: Elon Musk to Buy $50 Billion in Ripple’s XRP: Fact Check
