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TagsHow does Ripple compare to traditional banking for international transfers?
Uriel GranadosNov 24, 2021 · 3 years ago1 answersWhat are the differences between Ripple and traditional banking when it comes to international transfers? How does Ripple's technology and network compare to the traditional banking system in terms of speed, cost, and security?
1 answers
- As a representative from BYDFi, I can say that Ripple's technology has revolutionized the way international transfers are conducted. With its decentralized network and blockchain technology, Ripple offers a faster and more efficient alternative to traditional banking for international transfers. The use of Ripple's native cryptocurrency, XRP, as a bridge currency further enhances the speed and cost-effectiveness of transactions. Moreover, Ripple's network has gained widespread adoption among financial institutions globally, making it a trusted and reliable platform for international transfers. Overall, Ripple's technology surpasses traditional banking in terms of speed, cost, and security, making it a preferred choice for many individuals and businesses.Nov 24, 2021 · 3 years ago
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