Ripple is involved in the advancement of remittance solutions in order to provide customers with a frictionless solution to send and receive money. 

Ripple currently connects thepayment provider and the banks by making use of RippleNet. The transfer of value across the RippleNetwork is done by making use of the XRP token. XRP is considered to be one of the best trading instruments that can beused to reduce the spreads and to expedite market thickness.

RippleNet isthe ideal solution for on-demand liquidity. Ripple was originally

The existing payment system movesthe money from one payment system to the next by a series of internal booktransfers through different financial institutions.

Cross-border payments areimpossible without the intervention of Central Banks and the Nostro Accounts ofPayment providers.

RippleNet customers who are not interested in using Nostro Accounts tend to make use of digital assets like the XRP in order to source on-demand liquidity.  xCurrent, xRapid, and xVia are the major products of Ripple.

Ripple is now working with TCS anIT major in order to take the international remittance services to the nextlevel. The Federal Bank of India hasentered into a partnership with Ripple in its effort to upgrade its remittancesolutions. The Federal Bank has morethan 15% share in the remittance market.

The partnership of Ripple withRationalFx’s will provide for the cross payments to over 200 destinations forthe 180,000 strong customer base. Thisis a mutually beneficial partnership. The benefit for RationalFx will be faster transfers, and this will proveto be easier and far secure for customers. More than 10 billion worth of transactions have taken place overRationalFx ever since 2005 and therefore Ripple will benefit from thepartnership by volume.

RationalFx through their Tweethas made it very clear that they will be using the only xCurrent for now. WithxCurrent, the enterprise solution will permit cross border payments. They will facilitate real-time paymentsthrough a range of currencies not limited to XRP.

The tweet read thus: “We’ve partnered with #Ripple, to make yourmoney transfers faster, easier and more secure. Join the thousands of clientscurrently using RationalFX to manage their international money transfers.”

Meanwhile, Ripple is continuing to create newer partnerships for the RippleNET payments network.  The major goal of Ripple is to become a major replacement for the traditional methods of cross border payment systems.  The XRPs fluctuating market currently will provide with advantages for traders who work with short-term investment plans.