Former Circle Exec Joins Royal Bank Of Scotland To Front Fintech Project

6m
cryptodaily

Facebook’s Calibra Digital Wallet Will Not Be Available in Its Largest Markets

26m
cryptonewmedia

Italy will Use Blockchain and Fintech for Interbank Checks

30m
coinidol

PoPermissionless Blockchain Network Algorand Raises $60M in Token Auction

32m
cryptonewmedia

‘We Don’t Deal in the Speculative’

34m
cryptonewmedia

Russian Hackers May Be Responsible for Coincheck Heist

35m
cryptonewmedia

Crypto Market Showing Positive Signs: Bitcoin Cash, EOS, TRX, ADA Analysis

36m
cryptonewmedia

Tyler Winklevoss: “If Bitcoin Breaks 10k, You Can Bet It’s Going To Break 15k”

37m
cryptodaily

QuadrigaCX Update: ‘Dead’ CEO Cotten Embezzled Funds For...

42m
bitcoinist

IBM Launches Upgrade of their Blockchain Platform

1h
coinidol

Japanese Agency Claims 170% Increase in Crypto-related Inquiries in 2018

1h
bitcoinnews

Why Should I Buy Stablecoins?

1h
cryptodaily

Bitcoin in the Chop But Steady Amid Libra Chaos: Long Term Price Analysis

1h
cryptoglobe

Beaxy Launches Crypto Trading Platform By Diana Ngo - June 11, 2019 0 121

2h
coinjournal

Senate Banking Hearing on Facebook’s Libra; 0.25% of Algorand Tokens Sell for $60 Million

2h
cryptoglobe

Bitcoin Price Storms 151% YTD as Facebook’s Libra Boosts 2019 Rally

2h
cryptonewmedia

Facebook’s Calibra Digital Wallet Will Not Be Available in Its Largest…

2h
cryptonewmedia

Bitcoin Unfazed by Facebook, Why Further Gains Are Likely

2h
cryptonewmedia

Traditional finance is failing millennials. Here’s how investing needs to change

2h
weforum

MIT’s ‘Fiat Cryptography’ System Automates the Process of Securing Almost Anything

2h
coindesk

Debt-Plagued Millennial Parents Are Starting To Save For College Earlier

2h
bitcoinwarrior

EOS Price Analysis: Bulls Protecting Key Support, More Gains Likely

2h
livebitcoinnews

Bitcoin (BTC) Bulls Are Still In Control

3h
cryptodaily

HyperCash’s (HC) 15.2% Gain Pushes CD Mid-Cap Index Higher

3h
cryptodaily

Big Four Australian Bank Fears Facebook’s Crypto Libra

3h
cryptonewmedia


Ripple’s Kevin Mole Explains Why XRP Is The Best For Cross-Border Payments

zycrypto

8d ago

Ripple has been strongly touted as the blockchain-oriented company to revolutionize the banking industry in terms of methods of funds transfer. On its part, the company has popularized XRP as one great way for making quick cross-border payments.

Ripple’s Kevin Mole featured in one of Ripple’s video tweets explaining the role of XRP in improving cross-border payments. Kevin is Ripple’s VP of Product Marketing.

Learn how XRP is key for on-demand liquidity in cross-border payments with VP of Product Marketing Kevin Mole on the latest episode of the #RippleDrop. https://t.co/k7AhGaB80r pic.twitter.com/Sas9jlxIx5

— Ripple (@Ripple) June 11, 2019

In the video, Kevin explained that XRP is favored for cross-border funds transfer because it offers a very fast (instant) settlement at a very low cost. Also, people using XRP to send funds don’t have to pre-fund the destination account. That’s one of the many advantages that XRP has over the traditional banking system.

Kevin went ahead to mention that currently, the payment system is already operational in Mexico and the Philippines. A lot of the money sent to these two countries is mostly meant to cater for food, upkeep, school fees, and such immediate needs, and using XRP to make instant transactions really comes in handy in these cases. Ripple plans to roll out its systems to cover more countries by the end of this year.

The tweet received a lot of positive replies, with many of the fans expressing optimism about the future of XRP. However, there were some who thought that XRP really needs some positive price action in order for investors to prioritize the digital asset.

One of the commenters even opined that they can only sell their XRP at $500 per piece, a statement that affirms just how bullish most of the XRP holders are at the moment.

Granted, Ripple has been making quite some headlines of late in its quest to get as many banks and financial institutions as possible to use XRP in their cross-border transactions. The institutions that want to use Ripple’s payment solutions like xCurrent and xRapid have to join Ripple’s RippleNet.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments