It looks as if another major market maker is embracing the Ripple protocol. Rialto.AI is a cryptocurrency arbitrage platform and a market maker. Although this project has yet to launch, they have also mentioned their plan to use Ripple moving forward. Additionally, this new platform will integrate XRP for cross-market trading as well. It is an interesting turn of events, to say the least.
Whenever a project is announced ahead of its ICO, there is plenty of reason to be cautious. Anyone can capitalize on existing hype surrounding an existing currency or asset. Over the past few months, XRP has become an often talked about topic. It is only to be expected some teams will try to take advantage of this momentum. Not that there is anything wrong with that, yet interested investors will need to do their own research.
Rialto Eyes Ripple Technology
This new project has some interesting features. It will mainly focus on arbitrage, market making, and an AI tradebot. Quite a big hill to climb, to say the least. Then again, this space can use more competition, and AI will make a big impact sooner or