Settlement Through Digital Assets (XRP)
This arrangement allows for the transacting banks to
settle payments using XRP as a digital asset. XRP’s reach
into exotic corridors and average daily trading volume
higher than most exotic currencies, makes it an ideal
bridge asset for settling transactions between banks.
In this arrangement, each bank holds XRP as a fungible
liquidity pool that can be used for payments within a
number of exotic corridors without the need to hold
nostro accounts in those currencies. With XRP eliminating
the need for banks to have nostro accounts or foreign
currency exposure, this arrangement is ideal to be used
for exotic corridors.
To the LifeBoats (Sam)
Investments Perspectives with Brad, Mrs. Back up, Lee from SPQR, Micky B Fresh, and Curt from Love For Crypto.
Should you wish to support me, please watch the ads (without skipping) that are placed by Youtube in the videos.
Or donate XRP using the XRP Tip Bot.
My twitter handle is: @sentosumosaba
or send XRP directly to:
Required Destination tag 2930921
Thank you so much.