Answers (1)

Arsalan Afzal
Feb 11, 2022 15:44:09XRP 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.
Top AnswerAnswer
Hot Questions
Earn Diamonds from claiming your daily reward and reading our latest articles.
This website stores cookies on your computer. To find out more about the cookies we use, see our Privacy Policy