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xrp-protocol

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  1. xrp-protocol

    Large sum money transfers

    There is no doubt that xRapid can reduce frictions in cross-border money transfer. But I begin to wonder if xRapid can solve institutional size transfers, like $100M and above. Even if they connected with number of exchanges and continue to improve liquidity, a ticket size of 100M would require significant number of exchanges for conversion from XRP to local currency. If we are talking about emerging markets such as Mexico, Philippines, Indonesia, India, etc., would there be any exchanges large enough to cover these big transfers? Without the capability to move large ticket sizes, will xRapid ever be seriously considered by big banks? On another note, here is an excellent article on how money transfer works. xRapid addresses most of the problems identified in the article but my concern remains for big transfers... https://gendal.me/2013/11/24/a-simple-explanation-of-how-money-moves-around-the-banking-system/
  2. https://www.jpmorgan.com/global/treasury-services/IIN It seems like JPM is cooking up something on their own.
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