KCN Ripple to enhance cross-border transactions
Channel: KCN News
Date: 2017-04-04

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Ripple brings the internet of value to life. Ripple has introduced new features that aim at improvement of the Interledger Protocol and Ripple Consensus Ledger. According to the official web-site of the project, these improvements will bring Ripple the same transaction throughput as Visa, the world’s largest payments network. New standard of cross-border payments is intended to replace the conventional counterpart, where posting of payment can last up to 5 workdays. Representatives of Ripple claim, that the main advantage of this technology is that it eliminates the need in financial intermediaries for holding transactions, what significantly reduces сosts and intensifies cross-border payments.  
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