The Currency Analytics
By Ayobami Abiola
Financial inclusion for people with low earnings is one of the biggest challenges in the finance industry in this twentieth century.
Even if they can be accessed, necessary documents are another major bottleneck that prevents people from enjoying banking services.
In a recent episode of Block Stars, David Schwartz, Ripple CTO, chatted with Daniel Vogel, Co-founder of a Mexican exchange, Bitso.
“[In Mexico] if you don’t earn over a certain amount of money, you’re just not interesting to [traditional] financial institutions. Crypto solves that problem.”
Because of the economic situation of the country, many Mexican seek to store their funds in USD to escape volatility.
“We want to make sure that people can go in and out of crypto…seamlessly using our rails… On-Demand Liquidity is a service that allows fiat currency conversion using crypto…
Ripple's ODL is gathering visibility and gaining adoptions in more countries of the world. Regulations may be very slow in recognizing the cutting edge tech but it is sure that…
These solutions with a whole lot of other applications are what set Ripple's XRP apart and above many other crypto assets today.