Global payments by Ripple

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Internet of Value :

As Ripple has introduced earlier about Internet of value. The aim is just to provide quick payment as informations usually spreaded in this world. They are trying make the payment system user friendly and as quick as possible. Now they have another session about future of Global payments by Ripple.

Global payments :

Recently TechCrunch Hangzhou BlockChain side stage, Emi Yashikawa who is director and venture partner with Ripple has discussed about Global payments. She has added that How Ripple is using BlockChain technology to improve infrastructure of Global payments.

As we know that informations can share on internet in less than seconds but when it comes to money and payments, the process is expensive. People usually prefer that payments system which is safe and quick without having any obstacles in this digital world.

Moreover, this Interledger Protocol’s basic aim is to send money in anywhere in this world at anytime. That also includes lesser charges without setting the account for global payment services. Currently Ripple is using it’s default token to reduce the cost and improve the efficiency for transactions.

However, when Yashikawa was asked about the move threatening the bank’s and financial services which is creating more opportunities to access financial services. In addition to increase better services from bank, they are also providing solutions to bank.
Moreover, she gave the example of Santander bank who has recently aliant with Ripple.

Though the bank is facing lots of competition from Fintech company. She also discussed about cross border payments used migrated workers. She addressed Asia as World’s Remittance payments,

“Low-value high volume use cases including remittances is an area that we’re focused on,”

Conclusion :

Recently TechCrunch Hangzhou BlockChain side stage, Emi Yashikawa who is director and venture partner with Ripple has discussed about Global payments.Currently Ripple is using it’s default token to reduce the cost and improve the efficiency for transactions.

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