Ripple Launches Instant Payment System, Laughs At Banks For Taking Forever To Complete Transactions

2018-10-30 21:29

If any company is to lift the cup for the most ambitious financial solutions developer of late, it’s Ripple. Just recently, the company launched the fund transfer solutions named xRapid and xCurrent.

XPring is also in the mix. That’s beside partnering with numerous banks and other corporate institutions across the world. The banks using RippleNet have adopted XRP as their crypto token of choice in sending faster cross-border payments. The company hasn’t stopped there.

Introducing XRP Text

Ripple has now launched another text-based crypto transfer solution that’s making traditional banks look like clowns. In fact, Ripple didn’t mince its words in expressing its hilarious side in joking about how banks are slow. In a rather hilarious twitter update, Ripple argued that given the slow nature of transaction processing in traditional financial systems, banks would be better off using planes to transport money to recipients.  

The new instant payment system is a mobile-based platform that uses simple text messages to send XRP tokens. With XRP Text, users can transfer crypto (XRP) tokens to a special personal crypto wallet. From there, they can then execute instant transactions by sending tokens to other users’ phone number. Interestingly, the receiver doesn’t have to be on the platform. The system takes care of all that. Also, users don’t have to register on the platform. Their mobile phone number is just enough.

At the moment, XRP Text is in the beta testing phase. It was created and launched by WietseWind, a serious independent developer majoring in blockchain-based solutions. According to the developer, the system may still not be perfect and there may be some glitches during this stage. However, the beta testing phase is always meant to find and weed out any system glitches in order to perfect a system.

Ripple Effects?

Evidently, Ripple has been making quite some head-ways of late, and that’s bound to work in its favor in future. The fact that most of these developments are focused on boosting XRP market standing and bolstering its adoption campaign, it’s also safe to say that XRP’s market value as a cryptocurrency may reap some benefits in the near future.

The post Ripple Launches Instant Payment System, Laughs At Banks For Taking Forever To Complete Transactions appeared first on ZyCrypto.

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Источник: zycrypto.com

banks ripple → Результатов: 102


Фото:

TransferGo Banks on Ripple’s Blockchain Solutions for Indian Expansion

TransferGo, a digital payments solutions firm headquartered in London has announced that it has extended its remittance services to India. Per a press release published on September 5, 2018, TransferGo will serve its customers in India, enabling swift real-time remittances from “anywhere in Europe” with aid from Ripple’s blockchain solutions.

2018-9-11 21:00


Фото:

U.K. Banks Warned to Be Careful With Cryptocurrencies

The Bank of England has warned U. K. lenders to study cryptocurrencies before doing business in the space. In a letter sent out to the financial institutions in the country yesterday, the Bank of England Deputy Governor Sam Woods warned financial companies to take appropriate steps to protect themselves against "exposure to crypto-assets" which he believes are susceptible to "fraud and manipulation, as well as money-laundering and terrorist financing risks.

2018-6-29 18:17


The World’s Biggest Banks Lead the Blockchain Charge

We’ve said it before and we’ll say it again: The future is here. Blockchain is no longer just a buzzword, but a leading solution for sending global payments. In fact, the momentum is visible: RippleNet currently counts 11 of the world’s top 100 banks by total assets as customers, all of whom are at various … Continued The post The World’s Biggest Banks Lead the Blockchain Charge appeared first on Ripple.

2018-6-18 09:58


Фото:

Ripple Hosts World’s Central Banks to Explore Next Generation of Payments

Image: Shutterstock Ripple recently gathered over two dozen central banks from around the world to explore how new technologies enable the next generation of payments. The Central Bank Summit on Blockchain, hosted at Carnegie Hall in New York City, gathered central banks’ senior leadership, payment strategy leads and oversight staff for a focused discussion on … Continued The post Ripple Hosts World’s Central Banks to Explore Next Generation of Payments appeared first on Ripple.

2018-6-17 12:50


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