XRP INTERGRATED IN AFRICA PAYMENT SYSTEMS: Explosion Is Unavoidable

In this time, where people go to other countries for jobs, sending the money back home is the biggest problem. The far off countries, that are miles and miles away, take days to send the money. With the traditional SWIFT system, it takes days for the money to be transferred and also it takes a large amount of fee. Legacy payment systems are unable to match the needs of our modern, on-demand environment, leaving workers without money for several days. To solve this problem, many countries have partnerships with Ripple. They use Ripple’s on-demand liquidity which helps them to transfer the funds from one fiat currency to XRP and from XRP to another currency via Ripple’s cross border payment system. It only takes seconds for XRP and the fee is also very low where bitcoin takes hours and the traditional systems takes days. Many Asian, Middle East and African countries have adopted the Ripple on-demand liquidity for forwarding their financial systems. Ripple has gotten into South Africa with the help of Mercury and a local crypto exchange VALR. In its blog post, Ripple has shared that, Mercury to Boost Remittance Time and Money Savings to South Africa Using ODL. Mercury has been working with Ripple for five years now. Ripple is the leading provider of enterprise blockchain solutions for global payments and with the help of Ripple, Mercury which is a trusted global currency specialist, have been working to move the financial world forward including through blockchain technology and the power of XRP. According to Mercury, it has partnered with Ripple to change that by leveraging blockchain technology to make money move near-instantly, securely and at a fraction of the cost - 24 hours a day. It is something that we believe in and something that matters. The firms together first piloted this technology in 2018 sending money into Mexico and the Philippines, and now they are testing it out in South Africa. Between Johannesburg and London, the shortest air mile distance is 5,635 miles. Moving money between banks or money service providers in those two cities has traditionally taken days to complete. That is to say, it would still be faster to put money on an aeroplane and fly between the two places physically. To make the money transfer simple, faster, cost effective and around the clock, Mercury is working together with Ripple and VALR, the purpose of which is to shorten that money transfer window to only minutes using RippleNet’s On-Demand Liquidity (ODL) service and the digital asset XRP. #XRP #Ripple _____________________________________________________ Hope you guys enjoy this! 👉 If you enjoy this video, please like it and share it. 👉 Don't forget to subscribe to this channel for more updates. 👉 Subscribe now: https://bit.ly/3qvTaUp� ��​​​​​​​​​​​​​​... Related Videos: 👉 /watch/hYoAFYA ... 👉 /watch/f0Zn20n ... 👉 /watch/1KmWmKW ... Contact: Cryptomillionairesbusiness@hotmail.com Tags: all you need to know about XRP, why xrp, cbdc, XRP As Crypto Asset Most Relevant in Central Bank Digital Currency, xrp delisted, xrp to hit $100, xrp to reach the moon, xrp worldwide payment currency, xrp is going to explode, xrp,xrp ripple,xrp price prediction,xrp price prediction 2025,xrp news today,xrp pump,xrp lawsuit,xrp price analysis,ripple,ripple prediction 2021,xrp prediction 2021,xrp prediction 2030,crypto,ripple prediction after sec lawsuit,investing in xrp for beginners,investing in xrp,investing in ripple,buy ripple,buy xrp,where to buy xrp,how to buy xrp,how to buy ripple xrp,xrp price speculation,xrp news latest

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