Tag Archives: costs

XRP can benefit remittances from Islamic banks and reduce costs

[ad_2][ad_1] Ripple is one of the most important companies in the world of cryptocurrencies. It has been extended to many different financial institutions and continues to do so. Dilip Rao, Ripple's global infrastructure manager, said that company products can help strengthen Islamic finance. There are several Islamic financial institutions that …

Read More »

Multi-Hop to save costs and time for SMEs in ASEAN countries

[ad_2][ad_1] According to an official Ripple post, the Siam Commercial Bank in Thailand will be the first multi-hop financial institution, a new function aimed at eliminating inefficiencies and high commissions associated with cross-border payments in the traditional banking sector. Multi-hop that operates directly from RippleNet will allow SCB to settle …

Read More »

Ripple Net reduces costs for financial institutions

[ad_2][ad_1] In a direct push, the Royal Bank of Canada has confirmed that Ripple and XRP can save global banks' holding financial resources based on their recent capital market overview. Traditional remittance companies and banks dominate While recognizing that traditional remittance providers – such as Western Union and Money Gram …

Read More »