To enable cross-border finance, XRT is building Ripple PLUS with its all strength

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With the acceleration of economic globalization, the cross-border flow of money and capital occurs all the time,Cross-border payment under the traditional financial system involves multiple parties and still has problems in security, privacy, performance and efficiency, etc. It is considered by the industry as one of the most suitable industries to use the blockchain technology.Due to the blockchain technology, cross-border payment will become more convenient, more secure and transparent, and the cost will be greatly reduced.

After a few years after the birth of Bitcoin, a number of pioneering international start-ups that combine cross-border payment and blockchain technology have emerged, exploring different payment scenarios.In recent years, giant companies in various fields such as Alibaba, J.P. Morgan Chase , Facebook, Telegrapm and Signal have turned their focus into blockchain payments.

In 2004, the XRP Ripple team developed Ripple's current network prototype, which used blockchain technology for cross-border payments.It also released 100 billion Ripple token in 2013, aiming to solve the problems of complex clearing, slow international transfers and high fees under the traditional financial model,which makes them become a direct competitor to SWIFT, the association of Global Interbank Financial Telecommunications.

However, in recent years, the defects of Ripple have been criticized by the market. Ripple not only adopts centralized operation mode, but also does not use blockchain technology in the real sense,contains the suspicion of super-issuance of cryptocurrency and manipulation of currency meanwhile.

As a result, the original Technology development team of Ripple innovated and upgraded from Ripple to create a new ecosystem, XRT.As the world's first DeFi ecosystem based on XRP Ripple, XRT token is standing on the shoulders of XRP Ripple, fully integrated with block chain, AI, big data, emerging technology upgrading and innovation, such as the Internet of things is a covers international trade, financing, investment, lending financing, securities trading, supply chain finance in the areas of decentralized financial ecosystem.

XRT’s mission is to reform and innovate on the shoulders of XRP Ripple, and to solve the global financial settlement and payment problems,its vision is to create a truly decentralized and open international financial ecosystem, reshaping cross-border finance.In order to achieve this goal, XRT has innovated in many aspects, including its unique XRT-DPOS mechanism in technical mechanism, decentralized operation in community governance and anti-monopoly in economic model.

Recently, XRT will be grandly launched on STEX Star Exchange. The total issuance of XRT token is 1 billion, and the total amount is promised to be constant and never issue additional shares. The first issue is 10 million pieces of mother currency, and the remaining 990 million pieces will be halved every four years until the issuance is completed.

XRT token is a bridge of XRT ecosystem certificate, XRT wants to build a decentralization technology ecosytem based on blockchain.In this ecosystem, XRT Token can not only be used for global financial settlement online, but also for global payment and circulation offline.XRT owners can enjoy the convenience brought by the digital age to meet daily financial needs such as financial payment, foreign exchange settlement, lending and P2P finance servers.

Faced with the problems left by XRP Ripple, XRT proposed a new solution, which realized a more efficient and convenient cross-border payment mechanism, greatly reduced costs and improved transaction efficiency,it will become the payment infrastructure in the digital currency era and even completely change the face of the payment system in today's world.

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