International payments made on the app reach their destination within one day, versus three to five days on average for traditional wire transfers. (ripple.com)
Businesses doing B2B trade between the U.S. and China are already spending billions of dollars in payment processing fees, while traditional wire transfers take several days to complete. (pymnts.com)
With this focus, Forzley asserts the product improves over traditional wire transfers for cross-border transactions as it reduces forms and fees with its solution, alongside other benefits. (coindesk.com)