Have you ever tried remitting money overseas? Fill out a bunch of forms, wait 3 to 5 working days, and get charged expensive fees. This is the pain point of the traditional Swift banking system.
Blockchain is inherently borderless. With blockchain transfers, whether the other party is on the other side of the Earth or next door, funds can be credited within seconds, and the fees are extremely low. This is a huge boon for international trade and overseas workers.
Ripple (XRP) was specifically created to solve "cross-border payments". It collaborates with hundreds of banks globally, aiming to replace the outdated Swift system. When traditional financial institutions start adopting blockchain technology for settling funds, XRP often becomes the preferred bridge currency.
#XRP #瑞波幣 #跨境支付 #金融科技 #FinTech
