Ripple gears up to revolutionize cross-border payments in the US by broadening its payment services and employing XRP as the primary bridge currency.
Ripple, a leading entity in real-time gross settlement systems, has revealed its intention to expand Ripple Payments services across the United States, as stated by Senior Director W. Oliver Segovia.
CryptoCaster Quick Check:
Although its presence in the United States has been somewhat muted over the last three years, Ripple intends to launch new product upgrades that are powered by its money transmitter licenses (MTLs), which cover a significant number of states.
Ninety percent of Ripple’s business is done outside of the US, therefore the company is looking to capitalize on its international reputation by improving its offerings in the US. It is anticipated that the upcoming product improvements would leverage Ripple’s expertise in payments and blockchain technology to provide simplified cross-border transaction solutions within the United States.
At its freshly created San Francisco offices, Ripple will organize a meet-up to officially launch this development. The program will include a panel discussion moderated by U.S. Managing Director Joanie Xie and guided by product heads Brendan Berry and Pegah Soltani. David Schwartz, the Chief Technology Officer, will also participate in a conversation about the future of payments and blockchain technology at Ripple in 2024.
In keeping with its expansion plans, Ripple is now hiring in a number of international cities, including Bangalore, San Francisco, Toronto, and London.
Explained: Ripple Payments
Ripple Payments, which employs XRP as a bridge currency, offers advantages including rapid transaction completions in seconds, lower costs than conventional methods, transparent transactions through a public ledger, and enhanced security via a consensus mechanism.
We hope you appreciated this article. Before you move on, I was hoping you would consider taking the step of supporting CryptoCaster’s journalism.
From Elon Musk, Larry Fink(BlackRock) to Jamie Dimon(JP Morgan Chase) a number of billionaire owners have a powerful hold on so much of the hidden agendas’ which eludes the public concerning the paradigm shift juxtaposed by cryptocurrency and web3 emerging technologies. CryptoCaster is different. We have no billionaire owner or shareholders to consider. Our journalistic efforts are produced to serve the public interest in crypto development and institutional disruptions – not profit motives.
And we avoid the trap that befalls much U.S. and global media – the tendency, born of a desire to please all sides, to engage in false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency dictates everything we do, we know there is a right and a wrong position in the fight against fiat global banking interest and monetary reconstruction precipitated by the emerging crypto ecology.
When we report on issues like the FTX, Binance and Ripple crisis, we’re not afraid to name who or what is uncovered. And as a crypto sentinel, we’re able to provide a fresh, outsider perspective on the global monetary disruption – one so often missing from the insular American and European media bubble.
Around the world, readers can access the CryptoCaster’s paywall-free journalism because of our unique reader-supported model. That’s because of people like you. Our readers keep us independent, beholden to no outside influence and accessible to everyone – whether they can afford to pay for news and information, or not.
We thankyou for the on-going support our readers have bestowed monetarily. If you have not considered supporting CryptoCaster, if you can, please consider supporting us just once from $1 or more of Bitcoin (satoshi) or Eth, and better yet, support us every month with a little more. Scroll further down this page to obtain CryptoCaster’s wallet addresses.
Please Read Essential Disclaimer Information Here.
© 2022-2023 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt