Over the past few years, Ripple has partnered with different banking and financial institutions across the globe to offer its crypto-powered financial services.
This, in order to enable better payment systems. Well, the most recent is the launch of XRP-powered payments in Brazil. Though Ripple is pushing hard to increase its global adoption, XRP’s price action does not correspond to the developments.
Ripplementioned that its partnership makes Travelex the first bank in Latin America to utilize RippleNet’s On-Demand Liquidity (ODL) protocol.
Moreover, the CEO of Ripple said recently that they are focusing on taking CBDCs as the future of fiat currencies.
<p lang=«en» dir=«ltr» xml:lang=«en»>«We’re focused on tackling CBDCs as the future of fiat. Key to this will be our work with central banks that support the direct exchange of CBDCs on XRPL, using XRP as a bridge currency» – Brad Garlinghouse, CEO @Ripple$XRP #FinTech Read more on ambcrypto.com