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Have you ever wondered about payment protocols used in blockchain technology to power payments? Ripple’s Kevin Mole and Ross Edwards share how RippleNet solves the global payments challenge of those who send and receive money through traditional means—and find those systems slow, costly, and opaque.
Using an example of a payment to the Philippines, the team charts the payment’s path and shares the degrees to which a payment provider can revolutionize how people sends money across borders.
Also mentioned is how the XRP Ledger works to provide On Demand Liquidity (ODL) and instantly settle payments that in some cases may take days.
Source link : Ripple – ripple.com/insights
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Disclaimer : –
Video is for educational purpose only. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, Allowance is made for “Fair Use” for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair Use.
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This is not investment advice. All investments have risks. I am not responsible for any financial losses or gains you have made in investments. This content is for entertainment and educational purposes only. Not financial advice.
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