Ripple set to build XRP payments corridor in Brazil
Ripple's Head of Global Banking says the company is actively working on developing XRP payment corridors in "exotic" locations. And Brazil is next.
In brief
Ripple head of global banking said in an interview that the company is targeting Brazil for its next XRP payments corridor.
Ripple executives recently met with the crypto-friendly president of Brazil's central bank.
Brazil could be the launching pad for Ripple's Latin American expansion.
Brazil is at the center of Ripple's business strategy for Latin America, and its efforts in the country are picking up speed.
In an interview earlier this week with the Future of Finance on YouTube, Ripple Head of Global Banking Marjan Delatinne said that the San Francisco startup is actively working on developing a payment corridor in Brazil.
"We extend these services now to more and more corridors typically exotic corridors with lots of challenges, like [the] Philippines [and] very soon within Brazil, so let's say there is a big agenda and roadmap on that," she said when explaining the perks of its On-Demand Liquidity (ODL) technology.
Ripple's infrastructure for Brazil would make use of its On-Demand Liquidity (ODL) technology to ensure instant cash flow in a much cheaper way than the methods offered by banks and traditional fintechs.
Delantinne explained that Ripple's focus on creating a product that dynamically provides liquidity, rather than using the traditional approaches such as the Nostro/Vostro system, could simplify the lives of its clients and banks, making it easier to process cross-border payments.
This is, after all, what ODL is meant to do, and it is the technology behind the upcoming payment corridor that Ripple seeks to establish in Brazil.
Read the full topic at
https://decrypt.co/32222/ripple-build-xrp-payments-corridor-brazil
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In brief
Ripple head of global banking said in an interview that the company is targeting Brazil for its next XRP payments corridor.
Ripple executives recently met with the crypto-friendly president of Brazil's central bank.
Brazil could be the launching pad for Ripple's Latin American expansion.
Brazil is at the center of Ripple's business strategy for Latin America, and its efforts in the country are picking up speed.
In an interview earlier this week with the Future of Finance on YouTube, Ripple Head of Global Banking Marjan Delatinne said that the San Francisco startup is actively working on developing a payment corridor in Brazil.
"We extend these services now to more and more corridors typically exotic corridors with lots of challenges, like [the] Philippines [and] very soon within Brazil, so let's say there is a big agenda and roadmap on that," she said when explaining the perks of its On-Demand Liquidity (ODL) technology.
Ripple's infrastructure for Brazil would make use of its On-Demand Liquidity (ODL) technology to ensure instant cash flow in a much cheaper way than the methods offered by banks and traditional fintechs.
Delantinne explained that Ripple's focus on creating a product that dynamically provides liquidity, rather than using the traditional approaches such as the Nostro/Vostro system, could simplify the lives of its clients and banks, making it easier to process cross-border payments.
This is, after all, what ODL is meant to do, and it is the technology behind the upcoming payment corridor that Ripple seeks to establish in Brazil.
Read the full topic at
https://decrypt.co/32222/ripple-build-xrp-payments-corridor-brazil
Follow me on
Twitter: https://twitter.com/cryptoexpert20
If you wont me to post your cryptocurrency article on my blog From the link
https://www.fiverr.com/cryptoexpert20/post-your-cryptocurrency-article-on-my-blog
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