Altcoins News
By James Thorp
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Asheesh Birla, GM of RippleNet previously stated, “Lower Your Cost of…
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This is valuable because it helps institutions improve their working capital…
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It is scalable as it is possible to access any global market by using simple…
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It is efficient as it starts payments without having to manage the account…
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To get started with Ripple’s Line of Credit, users need to chat to give an…
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To send transactions, users use XRP, which is provided by Ripple to complete…
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Ripple knows very well that freeing up capital for customers’ cross-border transactions will be very inefficient.
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With a line of credit from Ripple, financial institutions will be able to use XRP to complete instant, low-cost cross-border transfers.
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However, this is only for use by eligible institutional RippleNet customers, and not for consumers, general public, or retail customers.
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Since,RippleNet’s security capabilities are SOC 2 certified, they are able to ensure operational excellence.
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For clarity, System and Organization Controls 2 (SOC 2) are a set of internal control reports which ensure service organizations have the appropriate processes in place for…
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While all these are happening one of the users stated, I’m more curious how we normal folk can become financial institutions.
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