Altcoins News
By Dan Saada
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Ripple (XRP) Cross Border Transactions Sending Home Money
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During the time of CoViD-19, transactions are quickly moving to digital from traditional cash-based regions. This will evolve to become a trend even after the pandemic ends.
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Ripple Tweeted: “Families shouldn’t have to wait to receive payments from overseas. By making new connections and expanding remittance capabilities, #RippleNet customers…
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Navin Gupta, Managing Director of South Asia and MENA at Ripple opined that a lot of people are getting educated about using digital payment methods.
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When questioned about why Ripple has taken a particular interest in India and the MENA region to develop their business in, he replied, “We will go wherever the customers go–it’s…
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Ripple seems to be exerting its focus on the "Receiver market." The concern is that many of the receivers are unbanked or underbanked.
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They are working to ensure that they have customers in every single receive market from across the world.
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Sydney Ifergan, the Crypto Expert, tweeted: "Ripple XRP making remittances easy is good, but the challenge is to convince people to adapt to the new process of sending…
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Camille Jeong, Coinone Transfer’s Business Development Manager, expressed, "#RippleNet connected us to financial institutions in Thailand, Philippines, and Sri Lanka so we could…
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When banks have a monopoly in the process of remittances, the migrants will not have any other option than to make use of the already existing slow and expensive process.
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Jeong recalled how global transfers were difficult for foreign workers. Particularly, for those who were working in rural areas, it used to take even seven days for the…
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Saving time, paying lower costs, and reducing the risks in cross border transactions help serve customers better in remittance processes.
The Currency Analytics
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