Sentences with phrase «global settlement network»

Global settlement network Ripple (XRP) has enjoyed a recent bullish run and managed to surpass Ether for second place on the market.

This is why Ripple, or a real time, inexpensive, global settlement network similar to it, has a bright future ahead of it, as they are offering a new way to conduct business that brings financial institutions up to speed in the Internet age.

That's because Ripple is essentially a global settlement network for other currencies such as USD, Bitcoin, EUR, GBP, or any other units of value (i.e. frequent flier miles, commodities).

Ripple is a global settlement network, making it easy to transfer nearly any currency to anyone in the world in just seconds.

Ripple will probably appeal to larger banks throughout the next couple years, as they offer a global settlement network that enables real time payments internationally, while reducing transaction fees.

Investors who want to capitalize on the hard work Ripple is dedicating to their global settlement network are likely to witness a steady increase in value over the long term by simply holding XRP.

The goal of Ripple is to be a global settlement network, a platform to allow anyone to transfer money in any currency to any currency in a matter of seconds.

This global settlement network shall become faster and more reliable in the coming years, pushing XRP price higher.

However, instead of taking a «burn it to the ground» approach that has been adopted by many cryptocurrency ideologists, Ripple aims to work with the current financial world, and its goal is to be a global settlement network, a platform to allow anyone to transfer money in any currency to any currency in a matter of seconds.

The global settlement network Ripple, whose protocol has been already introduced by a number of influential banks and which, according to the BNY Mellon's analysis, is likely to compete with SWIFT in the foreseeable future, released a new protocol for payments across different payment systems called Interledger.

Already, Ripple's global settlement network has more than 150 banks including the third - largest bank in India and the largest bank in the Middle East.