Discover and read the best of Twitter Threads about #bankingsystem
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What is #XRP? How might it affect #globaleconomics? Let us tell you everything you need to know about XRP at the Feb. 3rd @linqtoinc Learn: bit.ly/3FYjJrL
The cross-border #payments we know today are slow, expensive, and opaque. It goes through the 600-year-old correspondent #bankingsystem facilitated by #SWIFT. In short, this takes a while.
#XRPpayments are nearly instant removing #credit and #liquidity #risk from the process, lowering bank costs considerably. The network finds the best price for exchange and liquidity, and customers are no longer locked in, eliminating the settlement risk.
