Cross border payments cryptocurrency Ripple now dominates trading volumes across some of Australia’s leading digital exchanges as international payments emerge as a primary use case in Australian digital asset markets.
“Effectively, ODL helps companies manage cross-border payments without requiring correspondent banking and pre-funding costs,” Mr Bowler said.“It uses XRP to help facilitate part of this process, hence the trading volumes on our platforms. It is a larger percentage on our platform, as crypto market volumes overall are still relatively flat across the industry.”
Ripple brands itself as an innovative low-fee challenger to the dominance international banks exert over foreign exchange services and is currently at the centre of a New York federal court case likely to have a major impact on crypto markets. In the past, major Australian banks have denied banking services to crypto remittance businesses including Aus Merchant and Bitcoin Babe as it’s believed the banks are not satisfied by the ability of some remitters to identify the end beneficiary in a crypto-based FX transaction, even if the exchanges are registered with AUSTRAC.
Ripple_XRP1
Ripple_XRP1
Ripple_XRP1 And still makes not one difference to xrp price
They're STILL doing this? So 2017... It's XRP... XRP is what dominates your exchanges.
It’s clear today jpmorgan’s Jamie Dimon weaponized the SECGov to go after Ripple bgarlinghouse chrislarsensf XRP. RepTomEmmer RepHuizenga PatrickMcHenry when is Congress going to consider the possibility the SECGov is being used by Wall Street to stifle competition?
Thanks , great article!
$XRP is the currency, Ripple the company, two different things
XRP is the token. XRPL is a decentralized ledger that runs by utilizing XRP. Ripple is a company developing products that utilize the ledger.
Xrp not ripple
Cryptocurrency XRP* Ripple is a centralized company that uses decentralised XRP cryptocurrency for its business that is on XRP Ledger blockchain.
jimcramer andrewrsorkin jchatterleyCNN SquawkCNBC mcuban PatrickMcHenry cvpayne HesterPeirce SECGov CFTC WarrenDavidson ewarren AOC CoryBooker SenTedBuddNC RepTomEmmer MittRomney tedcruz RandPaul CongressmanRaja RoKhanna RepDarrenSoto
Maybe that's why the announcement today. Lol
Lol really?
Prepare.. it`s comming, it`s BIG!
Ripple is the Fintech Company XRP is the cryptocurency School boy errors that give your article zero credibility
XRP, no Ripple
At least get your facts right please. RIPPLE is a private company and is NOT listed on any crypto exchange. XRP on the other hand is the token they use and IS listed on exchanges.