With more emerging markets than ever before today banks are at full capacity with most of their abilities to provide innovative solutions for money transfers. Liquidity can be an issue as well as fees and inconvenient timing arrangements may even prevent you from getting your money when you need it most. "Your Money" << Just wanted to reiterate !
Ripple is one of the fastest, most private and secure financial solutions available to consumers today. Not only can xCurrent provide a service to individuals, but can provide many more solutions on a larger scale to many banks and financial institutions.
“We are proud to be the first bank in Asia to use Ripples leading blockchain network solution to power real-time payments for our customers, whose families oftentimes depend on the availability of these funds for basic needs – time is of the essence to them”
Dr. Arak Sutivong, chief strategy officer, SCB
I often hear people referring to crypto currency and crypto programs to be volatile and untrustworthy. For instance where is the regulatory certainty in which this currency operates? Which I find surprising that this new form of exchange can cause such a scare to our already “so secure” financial industry. If you have ever followed the US Dollar $ you obviously know that markets can shift, and the USD can easily be inflated simply by the government printing more of it!
If this is the case, then why not give this new currency a chance? A chance for change.
Otherwise what we’re left with are people too afraid to reach beyond their comfort zones. People willing to pay extra fees and taxes, not because they understand them, but because it’s what’s been done time and time again and has never been questioned.
Ripple will be successful in its future.
Competitors
Western Union
Can take up to 7 days
International Fees
PayPal
Not always immediate
International fees from ½% to 3 % depending on the border charge.