The post Ripple’s XRP-Powered Payment Platform Expands to Over 80 Markets appeared on BitcoinEthereumNews.com.

Ripple has announced that its payment platform has expanded into more than 80 markets and countries worldwide. The company emphasizes the importance of crypto liquidity in enabling seamless, cost-effective, and reliable transactions. Ripple’s liquidity efforts have resulted in near 100% success rates and lower costs for cross-border fund transfers. Ripple, the leading blockchain-based payment solutions provider, has recently disclosed that its payment platform, which leverages the XRP cryptocurrency for cross-border transactions, has successfully expanded its reach into more than 80 markets and countries across the globe. The company shared this update in its latest publication, which delved into the crucial role of crypto liquidity in today’s evolving financial landscape. Prominent XRP community figure Chad Steingraber brought attention to this development in a recent post on X (formerly Twitter), highlighting the growing adoption and impact of Ripple’s payment solutions. Ripple’s Vision: Seamless Cross-Border Money Transfers In the report, Ripple articulates its vision of a future where cross-border money transfers are as effortless and straightforward as sending an email. The company asserts that blockchain technology is making this vision a reality, with liquidity fulfillment serving as a cornerstone of this transformation. Crypto liquidity, as Ripple explains, enables the smooth trading of digital assets without causing disruptions to market prices. The company underscores the vital importance of crypto liquidity in facilitating seamless, cost-effective, and reliable transactions, particularly in the realm of cross-border payments. While acknowledging the progress made by traditional financial systems in enhancing the speed of cross-border payments, Ripple points out a significant shortcoming: the lack of transparency. This opacity leaves users uncertain about the status of their funds, especially during off-peak hours and holidays, creating a suboptimal experience for those relying on these systems. Moreover, Ripple notes that despite the rapid growth of the cryptocurrency market, it still pales in comparison…

---

Filed under: News - @ July 27, 2024 3:22 am