Ripple XRP will dominate remittances, according to Ripple senior vice president of product Ashish Birla at the Goldman Sachs Technology and Internet Conference in San Francisco.
Ripple XRP No Surpasses Money Transfer: Details
Ripple XRP is gaining momentum in money transfers, according to Ripple’s senior vice president of product Ashish Birl. Ashish Birla made this statement regarding the Ripple XRP at the recent Goldman Sachs Technology and Internet Conference in San Francisco. According to Ashish Birl, it will be difficult for competing companies and digital assets to surpass Ripple XRP in the world of cross-border money transfers. Ripple XRP is the most liquid digital asset. Therefore, for cross-border payments, there is no better option than Ripple XRP, as Ashish Birla emphasized.
This is proved, among other things, by the volume of Ripple transfers in the American-Mexican payment corridor. According to Ashish Birl, Ripple remains focused on providing financial institutions with an easy way to use XRP to move money across borders. If the Ripple mission continues to be successful, then expensive correspondent banks will not be needed at all for confirmation when moving capital from one place to another.
It was previously known that the LUNO exchange added Ripple XRP to its listing.