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Xrphunter

Quidax to use Ripple’s XRapid Product to Revolutionise Remittance and Payments

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Good find

The official website of the exchange

https://www.quidax.com/

New corridors connecting the XRP ecosystem to Africa

10 minutes ago, Xrphunter said:

He added that partnering with platforms like Flutterwave, Paga and other remittance and payment systems could reduce the cost per transaction to consumers, cut transaction time and even lower operating costs. Explaining he said that remittance businesses usually needed to have security deposits in the countries they operate in, however, using a cryptocurrency like XRP this could potentially be eliminated. According to him in a matter of microseconds, the currency of the originating country would be converted to XRP, sold on the exchange for the currency of the destination country with the end user receiving the money in their bank account in seconds.......

 

On the panel with Buchi were the Growth Lead, Remittance at Flutterwave, Etimbuk Bassey and Co-founder and Director of Business Development at Paga, Jay Alabraba.

In his speech before the panel session, Buchi shared how overwhelming the traction in Nigeria has been, with a lot of activity coming from the Ripple pairs which are mostly used for remittance because of the speed of settlement at around 25 seconds. Also, Quidax is looking to integrate XRapid a payment and international transfer product from Ripple which would efficiently power remittances and cross-border payments using XRP as a bridge.

 

 

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