Have you ever wondered about payment protocols used in blockchain technology to power payments? Ripple’s Kevin Mole and Ross Edwards share how RippleNet solves the global payments challenge of those who send and receive money through traditional means—and find those systems slow, costly, and opaque.
Using an example of a payment to the Philippines, the team charts the payment’s path and shares the degrees to which a payment provider can revolutionize how people sends money across borders.
Also mentioned is how the XRP Ledger works to provide On Demand Liquidity (ODL) and instantly settle payments that in some cases may take days.
For additional videos from SWELL 2019, please go to ripple.com/insights #swellbyripple.