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Question

Xrp who is using?


Answers (1)

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Arsalan Afzal
Feb 11, 2022 15:44:09

XRP is the native digital asset of the XRP Ledger. It enables banks to settle cross-border payments in seconds, with end-to-end transparency and certainty of settlement. Banks and payment providers can use XRP to settle payments immediately, without having to pre-fund nostro accounts. Because of this unique capability, XRP provides liquidity and a reduction in costs for banks and payment providers when making cross-border payments. XRP also enables corridor transactions, which are low-value, high-volume payments between countries that would otherwise be costly or impossible using traditional banking rails. Corridor transactions often occur between developing countries where there is a lack of correspondent banking relationships.

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