Ripple’s on-demand liquidity has a great role to play in terms of pre-funding of destination accounts in a way to reduce operational costs and to unlock capital with ODL and XRP.
Already several innovative financial institutions are thriving with ODL. To get ahead of competition, users should be able to free up working capital. When pre-funding accounts in destination accounts the capital which is put in to grow business is tied up.
By using the On-Demand Liquidity (ODL) service, RippleNet will be able to leverage the digital asset XRP making it work like a bridge between two currencies making it possible to eliminate pre-funding of destination accounts and further reducing operational costs to unlock capital.
GoLance have to state that it has been possible for them to enable faster and more cost effective payments to freelancers.
RippleNet customers are now using XRP to bridge two currencies in just a short span of time which is as little as 3 seconds, thus ensuring that payments are sent quickly and received in the local currency on either side of a transaction. Individuals and institutions alike benefit greatly by these services.
The future of global finance is brighter than ever with the unlocking of the power of the blockchain. Not all global payments institutions have made the best use of the blockchain infrastructure; however, if they unlock the power of the blockchain, they will be able to improve the speed, cost and reliability of the speed with which people from across the world will be able to transact money and value.
The last mile playbook for Global Payments is a country by country guide, which recognizes that speed, transparency and liquidity is not a reality in several regions of the world. The guide focuses on helping build differential value propositions in several regions across the world, which consists of 14 key markets.
The playbook serves as a guide for those who are looking to discover new opportunities to leverage blockchain technology to further grow their business in this country-by-country primer on domestic payment systems.
Ripple as a technology company are striving to make the best of the new opportunities which can help leverage blockchain technology in turn helping several other businesses grow country-by-country.
The power of Ripple lies in that they work meticulously to strengthen their business use cases. They are consistently driving new business through RippleNet. They are engaged in conversations with their partners who have relationships with financial institutions who are interested in making use of Ripple for payments in the immediate or intermediate term.
Get the latest Crypto & Blockchain News in your inbox.