Payments
There are great opportunities in the payment market considering its size. According to the Global Payments Study by McKinsey in 2018, the revenues of global payments raised 11% in 2017, up to 1.9 trillion dollars. It’s the revenue of payment industry, as well as cost for transactions. Blockchain-enabled model further supports banks for frictionless real-time payments with lower costs.
Ripple came into to the picture with blockchain technology. In 2012 Ripple Labs Inc. released a real-time gross settlement system, including currency exchange and remittance network. RippleNet provides service to send money globally by connecting the banks, payment providers and digital asset exchanges. This payment network involves 27 countries. Ripple’s ...
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