Ripple's XRP Finally Gets Mainstream Exposure on BBC

📰 News
Thu, 11/28/2019 - 18:06
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • {{ content.field_content_author|field_value|getauthorname|raw }}

    BBC spreads the word about XRP, the third biggest cryptocurrency that solves inefficient cross-border payments

Ripple's XRP has just gotten its very first mention on BBC, the global news leader.

During a recent episode of "Worklife," the program that is devoted to discussing the latest business updates, XRP was presented as a viable solution for expensive and inefficient transactions that can take days. 

"Right now, if you are making a cross-border transaction, it is really time-consuming. Clearing and settlement take days," said Nathalie Oestmann, the COO at Curve.        

Must Read
Ripple’s ODL and XRP are Tools for Making Better Remittance System: Weiss Ratings - READ MORE

Oestmann states that Ripple can fix the inefficiencies of the global payment system by providing businesses with an opportunity to do transactions in a much faster way.          

"Ripple, who produces the XRP cryptocurrency token, is producing some commercial opportunities for companies to do cross-border exchange, removing the multiple-day process and hangovers."     

Must Read
Ripple's XRP Ledger Sets New Daily Transaction Record, Dwarfing Bitcoin, Ethereum, and Litecoin - READ MORE

Oestmann also states that the digital asset is very volatile and not yet proven. However, Ripple CEO Brad Garlinghouse claimed that money transfer giant SWIFT was less stable than the company's native token. It takes only a few seconds to settle an XRP transaction, a world of difference from two or three days business days needed for a SWIFT payment transfer. 

The third biggest token is no stranger to mainstream media. As reported by U.Today, Garlinghouse made an appearance on CNN back in September where he talked about the pace of XRP's adoption as well as many controversies that surround Ripple. 

{{ content.field_content_author|field_value|getauthorname|raw }}

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Recommended articles
Bitcoin Price Reaching $500,000 Is 'Possible,' Says Fundstrat's Tom Lee

Bitcoin Price Reaching $500,000 Is 'Possible,' Says Fundstrat's Tom Lee

XRP and XLM Have Highest Level of Wealth Inequality Among Top Cryptocurrencies: CoinMetrics Report

XRP and XLM Have Highest Level of Wealth Inequality Among Top Cryptocurrencies: CoinMetrics Report

Bitcoin (BTC) Golden Cross Detected. Time to Buy?

Bitcoin (BTC) Golden Cross Detected. Time to Buy?