Ripple xRapid Solution Significantly Lowers Cross-Border Payments
The ability to conduct instantaneous cross-border payments is what Ripple (XRP) desires. However, the XRP aims higher than this, as the Ripple company targets the developing of the Internet Of Value.
According to Ripple Xpring’s chief of operation, Aranda, the Internet Of Value, in his vision, will be an ecosystem that will facilitate smooth transactions of value in a way that resembles the current Internet.
Without doubts, Internet Of Value will be a potent asset in the future, especially when it comes to financial services. In the idea of launching Internet Of Value, Ripple (XRP) is meant to be the digital currency the Ripple company will use to transact value fast and secure.
In this regard, Ripple’s xRapid is the platform to revolutionize the global cross-border payments to benefit the global remittance systems.
The main benefit of Ripple (XRP) xRapid is instantaneous and secure cross-border payments
xRapid, Ripple’s remittance platform running by Ripple (XRP), is a very promising asset for the future of global remittance systems.
In essence, xRapid is reducing the cross-border payments fees and time of conducting without damaging quality. In other words, Ripple (XRP) is used within Ripple’s xRapid platform to almost immediately conduct international transactions via a very secure ecosystem.
According to the latest information, Ripple’s xRapid can reduce fees for international payments by 55%. That means that for transacting $100 on xRapid, the platform will permit you to save about $55 in taxes.
In conclusion, Ripple (XRP), which now trades at $0.47 after recording a slight increase of 0.08% in the last 24 hours, can be used by Ripple’s xRapid cross-border payments to conduct cheap and almost instantaneous international transactions. In this regard, XRP will only be able to grow in the conditions that more and more financial institutions will accept Ripple’s xRapid as a cross-border payments system.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.