Think about solutions, not about problems. Even better, think about a way of doing things that prevents any problem at all, that’s how Ripple works. At this point in time, we know some of the world’s most important issues: overpopulation, and ecological crisis, but we have the means to fight them. It’s decentralization and blockchain tech.
New financial technology is bringing previously disenfranchised people to the market for the first time in history. In India alone, this technology will bring a billion people to the market in the next five years. That’s why financial institutions must adopt this new technology. It’s powerful; it’s almost cost-free. And cryptocurrencies are at the heart of this tech.
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The internet created distrust when it started as a general service, just as cryptocurrencies do now. It created skepticism, but it also created value. That is the current situation with alt-coins. Among those coins, Ripple bears mentioning.
Ripple’s XRP has been a tool for international transactions in ways that were just not suspected, even in Sci-Fi terms. It’s become essential in the fintech world. That’s why Ripple keeps winning big and performing amazingly.
Something about Ripple
Ripple’s success is linked to the painless experience it brings to international financial transactions, using the blockchain’s power. This allows fintech services to be quick, cheap, safe and cost-effective. That is empowering banks and remittance firms to use Ripple’s XRP to increase service quality as they cut down on costs.
Ripple has offices in every important city in the world, and they have more than 100 relevant fintech customers.
Ripple is growing blazing-fast
Oliver Twist asked for more. Ripple is doing that as well, and it’s getting it. Ripple’s acquiring big and small partners who understand how their currency is ideal for international transactions that are reliable, quick and cheap. Ripple thinks they will have half the world’s banks as partners over the next five years. They could be proven right.
Many coins are running away from China. Ripple is embracing it. It’s working for them because they emphasize international transactions. Not just China. The incredibly rich Persian Gulf countries are going for Ripple as well, increasing its demand and value.
xVia’s increasing customer base
Xia is one of Ripple’s signature tools. It’s unique, it’s reliable, and it’s swift. And financial institutions the world over are adopting it. It’s awesome. It allows banks and financial services everywhere in the world (even in emerging economies) to perform international transactions cheaply and in no time at all. Xia’s services include an API you can use from anywhere in a blink of an eye.
Ripple recently announced five new partners (big players in Asia and the UK) that will be adopting Ripple’s platform to do transactions.
Ripple and Santander
Banco Santander is the 37th biggest corporation in the world, and it’s been declared the world’s best bank. It’s weird, most of the world’s best banks are usually Swiss or German, and this one is Spanish, but that’s how things stand right now. And Santander’s app is built on Ripple’s technology. It’s good, it’s reliable (this humble author uses it all the time) it works in most of the world’s countries, and it’s Ripple-based.
Santander’s One Pay FX can deliver European payments on the same day or the following day outside Europe. It’s quicker than Paypal and other fintech options.
“One Pay FX uses blockchain-based technology to provide a fast, simple and secure way to transfer money internationally — offering value, transparency, and the trust and service customers expect from a bank like Santander,” Ana Botín, executive chairman of Banco Santander declared shortly after it was unveiled.
“Transfers to Europe can be made on the same day, and we are aiming to deliver instant transfers across several markets by the summer.”
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Adrian via Flickr
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