The Currency Analytics
By Steven Anderson
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 the payment provider and the banks by making use of RippleNet. The transfer of value across the Ripple Network is done by making use of the XRP…
RippleNet is the ideal solution for on-demand liquidity. Ripple was originally
The existing payment system moves the money from one payment system to the next by a series of internal book transfers through different financial institutions.
Cross-border payments are impossible without the intervention of Central Banks and the Nostro Accounts of Payment 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.
Ripple is now working with TCS an IT major in order to take the international remittance services to the next level.
The partnership of Ripple with RationalFx’s will provide for the cross payments to over 200 destinations for the 180,000 strong customer base.
RationalFx through their Tweet has made it very clear that they will be using the only xCurrent for now. With xCurrent, the enterprise solution will permit cross border payments.
The tweet read thus: “We’ve partnered with #Ripple, to make your money transfers faster, easier and more secure.
Meanwhile, Ripple is continuing to create newer partnerships for the RippleNET payments network.