CandleFocus Latest Publication Confirms Ripple Still Using XRP to Power Cross-Border Payments
2024-09-11
Author: Content Editor
Ripple has reaffirmed the central role of XRP in its payment services for cross-border transactions. Despite concerns that Ripple may be moving away from using XRP due to the introduction of a stablecoin, the company has stated that XRP continues to be integral to its solution. The report highlights the inefficiencies of traditional financial infrastructure and the need for rapid, flexible global payouts. Ripple Payments utilizes XRP and the XRP Ledger to offer speed, accessibility, cost-efficiency, and seamless off-ramps for stablecoins and other digital assets. This streamlined approach aims to improve the customer experience and lower costs for crypto businesses.
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