Ripple (XRP) is shrinking the globe to the size of a computer click; with a click of a button, you can now send money to any corner the globe in seconds. You do not have to wait hours on end before your recipient confirmation is received. And guess what, it is just like sending for free; the transaction fee is almost zero.
The Ripple comes at a time when other convectional money remittance platforms are struggling to cope with the speed that blockchain technology offers. If you have not discovered the capabilities of blockchain and smart contracts, you need to rethink your future in sending money abroad.
Who else is on Ripple (XRP) Sending Money?
Well, this question should not scare you; however, Ripple (XRP) has vast its nets far and wide and managed to add key players in the financial and money remittance industry and you could be part of their clients. Ripple is strategically in Canada, South Korea, India, Brazil and China and is sending ripples across the globe.
Ripple has an ambitious plan to change how banks and money transfar players make your life easy. Simply put, Ripple is set to bring you a new payment protocol that will help you gain access to the internet of value. Cross-border transactions have always slowed down international business.
With the use of the Ripple xCurrent software, banks can now make payments across the borders. The process is secure and tracked and you do not have to worry about funds getting lost or charge-backs on products you are purchasing. The xCurrent is an application that banks use to communicate to each other for confirmation and settlement courtesy of Ripple Net.
The other Ripple product from Ripple is xVia; this is the link between the money sender and recipient through RippleNet. This is designed to meet the corporate demand. You can use the platform to send money globally in a transparent way whilst generating invoices. This is a revolutionary API that does not require you to install any software.
If you are in a fix and in need of software that minimizes your liquidity cost, xRapid is your best bet. This is ideal for payment processors and banking institutions. This reduces the cost of liquidity since cross border transactions require you to use of local currencies. xRapid offers you the best solution to your liquidity issues.
Ripple Use Cases
According to the Ripple website, you can now access global payments in 27 countries and more coming up. These payments are real time and it is up to the banks to expand the services to their branch networks to the remotest parts where they operate. All they need is central integration point and you can easily send and receive your money.
Payment providers are also on the Ripple radar and these are strategic in ensuring reach to all corners of the world. Once the projects is adopted globally, you will no longer have to travel long distances to get your money, a simple smartphone connected to your local currency processor will all what you need.
What does the Ripple (XRP) Good News Mean to you?
If you are using the Ripple native currency XRP, xRapid will be your natural choice. For fiat currency users, Current is recommended for you. If you are a XRP investor, this is good news for you; currently XRP is trading at $0.922131 which is a good entry point for anyone and for HODL enthusiasts.
The price for Ripple (XRP) might be down now but after the much anticipated extra XRP worth $40 billion being pumped into the project, this could be the coin to watch. This funding is set to finalize the Ripple infrastructure to process the increased transactions. Once complete, and all systems go, XRP will skyrocket.
It is about time that investors are brought to light about the difference between Ripple the company and Ripple XRP, the native currency that is powering the Ripple network. Once this problem is solved, investors will be able to know where they are putting their stake.