Updated on May 26, 2021
Ripplenet, a money transfer network by Ripple (XRP) is now available in Nigeria and 54 other countries. This news means that XRP is now available in 5 continents.
According to Ripple’s Website, offerings on RippleNet are available in 95 currency pairs.
Ripple is both a payment platform and a Cryptocurrency. While RippleNet is a global network that offers connections to many financial providers around the world.
About Ripple XRP) and its money transfer Network: RippleNet
Ripple says its money transfer network is the “Financial Network of the Future”.
RippleNet is uses cutting-edge blockchain technology to streamline payments services and reduce costs for businesses. The newtoek also overs a credit line to its customers via its Unique Liquidity Solution; ODL (On-Demand Liquidity).
So Ripple’s customers can fore-go pre-funding and acquire free working capital via RippleNet.
The Prominent Financial institutions on the RippleNet money transfer Network are: HSBC Holdings Plc ($2.5 trillion in assets), Japan Post Bank ($1.9 trillion in assets), Sumitomo Mitsui Financial Group, Mizuho Financial, Banco Santander, Barclays PLC, Royal Bank of Canada, and Toronto-Dominion Bank.
To learn out more about Ripple check out this guide.
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