[ad_1]
In the recent 2018 Impact Fintech, Ross D & # 39; Arcy, Ripple's sales manager, talked about the upcoming developments of Ripple and the organization's goal to resolve the use cases. D & # 39; Arcy said that Ripple aspires to get utility from the software with the main goal of making cross-border transactions simple and effective. In his opinion:
"We are not doing POC or scientific experiments, but rather solving cases of real use".
D & # 39; Arcy went on to say that Ripple aims to solve connectivity problems with banks using xVia, xRapid and xCurrent. He also opined that today's payment networks can not be trusted and are opaque. His statement also concerned the fact that current networks require that many conditions are met, which are eliminated through the use of digital resources. The Ripple official added:
"Imagine that a person in Nigeria wants to send money to someone in Mexico.This process has to carry on a process that has governed the banking industry for over 400 years.There are no restrictions with Ripple's products and you do not even need to keep the currency of destination. "
The discussion also informed users of the Ripple plan to establish the Internet of Value that aims to transfer value around the world just like the data. D & # 39; Arcy added that digital assets will solve liquidity problems in banks by freeing up a lot of capital. This can be done by the promise of XRP to liquidate the fund in a matter of seconds.
It was quite frank to admit that banks will take some time to adopt this technology and that small businesses will be the first to adopt the technology. In his words:
"Once the cryptocurrency is slightly more regulated and a calm approach is adopted, banks will understand that digital resources can be used to address specific use cases and benefit from them." I suggest that banks embrace technology. "
Subscribe to the AMBCrypto newsletter
[ad_2]Source link
