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The popularity of Ripple has grown majorly based on a reputation of “banks' cryptocurrency”. Nevertheless, a great deal of clarity as to what exactly the Ripple ecosystem entails, about the mechanism of its payment solutions and in turn, how it drives the value of XRP, is lacking among the investors' community.
RippleNet collaborates with Ria Money Transfer, which is a subsidiary of Euronet Worldwide and one of the largest money transfer businesses in the world. Ria likely to leverage the enterprise solution ‘xCurrent’ with an intention of optimizing Ripple’s robust global blockchain payments network.
With customers in over 155 countries, more than 377,000 locations worldwide, and $40 billion in money transfer volume per year, Ria is one of the largest payment service providers in the world.
The xCurrent enables banks to instantly settle cross-border payments with low fees and end-to-end tracking. On the flip side, Ripple will also be able to leverage Ria’s Digital Integrated Payments Cloud, a global fintech ecosystem that the company says allows its partners to disrupt the traditional payments space.
Coinbase has recently unveiled a payment service for their users of XRP and the USDC stablecoin (which was originally launched by the Circle affiliate CENTRE).
While RippleNet is a set of tools developed by Ripple so as to improve the global value transfer systems especially as it pertains to financial institutions. RippleNet is comprised of three payment solutions: xRapid, xCurrent, and xVia.
As a global payments network, RippleNet creates a modern payments experience operating on standardized rules and processes for real-time settlement, more affordable costs, and end-to-end transaction visibility. It allows banks to better compete with FinTechs that are siphoning off customers disappointed by traditional transaction banking services.
Currency Strength Index: FxWirePro's hourly BTC is flashing at -19 (mildly bearish), hourly USD spot index has bearish index is creeping at -1 (neutral) while articulating (at 07:17 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
