Bit Flyer Customers Can Now Enjoy Ethereum-Based Services

23m
livebitcoinnews

50% of Bitcoin Wealth Held by Just 1,800 Wallets

25m
cryptoglobe

Opinion: crypto trading is the new Wall Street

31m
coinfox

Analyst: XRP Has One Of The Most Bullish Charts In The Market

36m
cryptonewmedia

We Need a Libra-Like Virtual Reserve Currency for the World, Says Bank of England Governor

37m
beincrypto

VEX BLOCK Technologies develops first crypto SIM Card wallet » The Merkle Hash

37m
cryptonewmedia

Symmetrical Triangle Pattern May Bolster Bitcoin Bulls

1h
newsbtc

Colorado Man Heading to Prison For Bitcoin Crimes

1h
livebitcoinnews

Brave Expands Crypto Tipping to Reddit and Vimeo After Twitter

1h
cointelegraph

Bitcoin: What Could 1 BTC be Worth After Mass Adoption?

1h
thebitcoinnews

Heroin Addict Turned Fortnite Streamer Feels ‘Obligated’ to Help People

1h
cryptonewmedia

Moneygram drives Ripple XRP volume: Ripple executive claims |

1h
cryptonewmedia

Crypto News From Brazil: Week in Review

1h
cointelegraph

Bitcoin Unlikely to Plummet By Another 30%, Declares Analyst

1h
newsbtc

Moneygram drives Ripple XRP volume: Ripple executive claims

1h
bitcoinwarrior

5 Costly Mistakes Blockchain Startups Should Avoid When Pitching Editors

2h
dailyhodl

ZCash and Other Sapling-based Altcoins are Subject to Powerful DoS Attacks

2h
nulltx

“Bullish on Crypto”: An Interview with Skrill CEO Lorenzo Pellegrino

2h
thebitcoinnews

Bitcoin Bombshell, Libra Rivals, Twitter Spats: Hodler’s Digest, Aug.…

2h
cryptonewmedia

Top 6 EOS Block Producers in 2019 » The Merkle Hash

2h
cryptonewmedia

Electron Cash Wallet Gets ‘Mecenas’ Recurring Payments Plugin for BCH

2h
bitsonline

Stay away from these cryptocurrency scams at large in 2019

2h
bitcoinwarrior

IOTA Price Analysis and Prediction for August 25th: Will the Bulls Overcome the Bears?

3h
nulltx

Bitcoin Bombshell, Libra Rivals, Twitter Spats: Hodler’s Digest, Aug. 19–25

3h
cointelegraph

Overstock Still Focusing on Crypto Despite Embattled CEO’s...

3h
newsbtc


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

zycrypto

2mon 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