Updated Ripple Website Confirms XRP To Be Used For All Cross-Border Payments

April 30, 2022 2:00 pm

Recently, Ripple relaunched their new updated website which confirms a few important facts that XRP holders were looking for.

The website also indicates that Ripple now has a more full focus on crypto now than ever before which means that Ripple is now a fully mature project that aims to disrupt multiple industries.

In fact, first thing you see when you land on the homepage are the words “Business impact, powered by crypto” and multiple use cases on the page that Ripple provides solutions for.

The use cases listed include providing a solution for cross-border payments, providing crypto liquidity, and finally supporting the implementation of central bank digital currencies (CDBCs).

The goal is summarized in a quick description that mentions the creation of enterprise-grade solutions that can transform traditional financial services in almost any way.

Ripple.com shares:

Using proven crypto and blockchain technology honed over a decade, Ripple’s enterprise-grade solutions are faster, more transparent, and more cost-effective than traditional financial services.

Our customers use these solutions to source crypto, facilitate instant payments, empower their treasury, engage new audiences, lower capital requirements, and drive new revenue.

Cross-Border Payments

Enhance payments with real-time settlement, liquidity management, and access to working capital.

Crypto Liquidity

Use an all-in-one platform to buy, hold, and trade digital assets, delivering the crypto services your customers want.

CBDCs

Implement a scalable, secure, and sustainable Central Bank Digital Currency that meets the high security standards of Central Banks.

One of the major things that is now confirmed that should please all XRP holders is the confirmation on the website that all cross-border payment solutions will be utilizing XRP.

In fact, there aren’t any solutions that are shown that don’t include XRP which means that XRP will be a critical part for any cross-border payment service.

Ripple then goes into detail about the benefits of their cross-border payment solution such as highlighting the fact that it will “free up working capital”.

Essentially, this is the main benefit of XRP’s On-Demand-Liquidity (ODL) in addition to other things such as lower cost payments, faster settlements within seconds, and the ability to expand into almost any market.

The fact about being able to settle any transaction within seconds is especially highlighted on the website which makes it hard to miss.

Ripple also goes into detail about the liquidity hub.

Ripple.com shares:

With Ripple Liquidity Hub, financial institutions and businesses will be able to easily and efficiently source digital assets from global crypto markets.

The platform unlocks new revenue streams for organizations by enabling them to offer end customers the ability to buy, sell, and hold digital assets.

How Ripple Liquidity Hub works

Liquidity Hub supports a variety of digital assets and connects organizations to a rich set of liquidity venues—including exchanges, market makers, and OTC desks to source optimized pricing via smart order algorithms.

Essentially, the page summarizes that it can provide better liquidity because it gets the best price of cryptos by looking at multiple sources of data.

Lastly, the site goes into detail about CDBCs and how Ripple pretty much provides an all-in-one solution for CDBCs by providing a sidechain of the XRP ledger.

The more CDBCs that get built on the XRP Ledger, the greater the usage of XRP.

Overall, the new updates should please investors as we now know they plan to focus on crypto as a whole and expand the usage of XRP.

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