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Scout

Royal Bank of Canada Says Ripple and XRP Can Save Financial Institutions 46% Per Payment

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https://dailyhodl.com/2018/09/10/royal-bank-of-canada-says-ripple-and-xrp-can-save-financial-institutions-46-per-payment/

 

I thought X-Rapid was more cost effective than using other Ripple software solutions (X-Current). Which was the incentive for Banks to switch to X-Rapid for further cost saving measures. However, according to this article it states: "The June report also states that Ripple, with or without XRP, can save banks an average of 46% per payment."

 

Edited by Scout

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Guest

The report actually reads... 

"Cost: RippleNet (with or without XRP) offers transparency of forex rates and fees, before the
transaction is originated, and can reduce the cost per payment for financial institutions." 

Followed by a chart which displays the 46% cheaper. 

The article isn't incorrect but worded it oddly. 

Edited by Guest

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