January 2019
Beginner to intermediate
372 pages
11h 17m
English
Content preview from Foundations of Blockchain
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Cross-border payments
Ripple provides a global payment solution, that implies that payment channels can be established in different countries. This enables banks to settle cross-border payments in real-time, with end-to-end transparency and at a low cost. The number of currencies and counterparties will grow as Ripple adoption grows, and liquidity providers need to maintain accounts with each counterparty for each currency:
Figure 8.2: Cross-border payment channel (source: https://ripple.com)
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