- Ripple has been a force in the crypto industry and once again reminds the public of it.
- It shared an official article on its website citing its continued intention of this.
- To keep simplifying cross-border payments, Ripple brings its on-demand liquidity solution.
Ripple reminds the world of its mission is a recent article drawing light to its On-Demand Liquidity solution for Corporate Enterprises. The entity is driven towards fixing the cross-border payments issue around the world.
Ripple shared its article in a tweet. The tweet highlights the existing problem of how cross-border monetary transactions lead to delayed arrivals. This in turn creates a cash flow challenge and adds uncertainty and extra costs to critical business transactions.
The article makes a throwback to 1932, when E.C. Segar created the character Wimpy, who famously declared, “I would gladly pay you Tuesday for a hamburger today.” This statement describes the state of today’s cross-border payments system.
The issue still prevails in traditional monetary transaction delays of several days between sending and receiving money. This leads to creating cash flow challenges which increases the cost and uncertainty of critical business transactions.
Ripple presents a blockchain-based solution to small, medium-sized businesses and enterprises. With its services, it promises speed, affordability, transparency, and certainty for cross-border transactions.
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The world’s money transfer system is made up of a patchwork quilt of country-specific financial networks. Different currencies, rules, and regulations, and technologies require money to pause and restart its journey every time it encounters a national border. This adds layers of time, expense, and opacity that inhibit business operations and the potential for growth.
Ripple’s On-Demand Liquidity (ODL) solution is custom-built for streamlined, more efficient cross-border transactions, operating 24/7, even on weekends and holidays. It eliminates pre-funding, shortens transaction time to fractions of a second, dramatically reduces costs, and introduces pricing transparency.
In addition, Ripple’s Line of Credit offering provides upfront access to capital for any market through one simple credit arrangement, with no pre-funding and longer, flexible repayment terms that match traditional trade cycles. It is a game-changer for companies looking to simplify their cash management and access affordable capital, providing SMEs with the opportunity to secure financing on more reasonable terms.
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