Ripple XRP exhibited a decent recovery versus the USD, and it continues to sustain its third place despite the dips, and many of them are still holding XRP. This is indeed a trend that matters.
Brad Garlinghouse tweeted: “Our global economy is in uncharted waters, but what I’ve learned from history: markets are extremely resilient. No one has all the answers, but in times like this, we can always be kind to one another. Remember, no matter where you are, we’re in this together.”
Brad Garlinghouse acknowledged how critical and unprecedented it is to make it possible for their customers to send money across the globe. He expressed that they are doing all it takes to be able to help their customers to send money to their loved ones during these hard times.
Brad Garlinghouse further stated that their highest priority is the well-being of their team members. He recollected how the pandemic converted a majority of the world to work from remote locations, while at the same time supporting their customers.
Sydney Ifergan, the crypto expert, tweeted: “Ripple is building the future we want to predict. The way we connect with each other has changed. The way we send payments will change forever with the cross border facilities from Ripple (XRP).”
The global economic conditions are changing, and the blockchain tool will hopefully help in the process of putting the pieces together. We are now compelled to stop wasting time with naysayers to focus on the best. There is a solution to everything—even the pandemic.
Ripple XRP For More than 1 million Thais
Ripple tweeted: “Through our partnership with DeeMoney, over 1 million Thais working globally can now transfer money back home at the lowest fees and best rates.”
DeeMoney is a Thailand based company making use of the Ripple’s Payment Messaging system. This is designed in a way to work like a faster version of Swift to process the inbound payments to Thailand from South Korea, Israel, Singapore, Israel, Middle East, and Gulf regions.
Marcus Treacher, Ripple Senior Vice President, stated,”The digital banking revolution is taking Thailand by storm, and DeeMoney is a key player in this. By being the first non-bank institution in Thailand to use RippleNet, it redraws the boundaries and rules of engagement by providing efficient international transfers at low fees and competitive rates.”
The ODL is not yet up in the region. DeeMoney will also be making use of Ripple’s technology to power outbound transfers to destination countries in the near future.