Ripple will now be accepted for cross-border remittances in the USA
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By - Sabyasaachi Karmakar
The US Consumer Financial Protection Bureau allowed the use of Ripple as a cross-border remittance tool. Ripple is rising on a trendline, and a break-out might occur soon.
Ripple is the highest traded
cryptocurrency. In terms of market capitalization, it is the
third-largest behind Bitcoin and Ethereum. The sheer volume of the
traded quantity proves that its market is highly liquid.
A highly liquid market and meager prices attracted millions of retail traders, much higher than the number in BTCUSD. This nature of Ripple has the possibility of a more substantial penetration and usage soon.
Ripple is significantly different from other platforms in the essence that it is simple yet effective for a payment mechanism. Bitcoin, on the other hand, is by far too complicated for this sort of usage.
A highly liquid market and meager prices attracted millions of retail traders, much higher than the number in BTCUSD. This nature of Ripple has the possibility of a more substantial penetration and usage soon.
The US approves Ripple as cross-border remittance
The US Consumer Financial Protection Bureau mentioned that Ripple’s versatility and widespread acceptance could be used in supporting cross-border money transfers. And for this purpose, XRPUSD can be used as a settlement for the remittances.
Ripple is significantly different from other platforms in the essence that it is simple yet effective for a payment mechanism. Bitcoin, on the other hand, is by far too complicated for this sort of usage.
- Get link
- Other Apps
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