- Ripple CEO Brad Garlinghouse explained that digital payment options are especially important during the Corona crisis, as many people are in financial trouble
- The global pandemic has further advanced the adoption of XRP and Ripple has recorded a growing transaction volume.
In global payments, this digital process enables people to send money to loved ones around the world, instantly—a greater need, now more than ever.
In a new episode, “The Ripple Drop”, CEO Brad Garlinghouse describes how the corona crisis has further increased the demand for easy and fast digital payment options:
At the end of last year, the Bank of France concluded in a wide-ranging study that Ethereum (ETH) and Ripple (XRP) technologies could serve as the basis for a digital currency. A solution based on the Ethereum or Ripple Blockchain could enable end-to-end transactions using a tokenized central bank currency.He adds that companies such as MoneyGram as well as RippleNet users have seen an increase in transaction volume of more than 40% and Ripple Network members recognize the benefits of Ripple‘s payment solutions such as On-Demand Liquidity (ODL). In addition, central banks around the world are seeing the need to introduce a digital currency.
Ripple is currently working on expanding its presence in the Asian sector. By the end of this year, SBI Ripple Asia plans to go into production with the ODL payment