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Ripple’s chief, Brad Garlinghouse, drew renewed interest in XRP from the community after emphasizing the asset’s growing significance in international payments.

 

XRP Avenger (@XRP_Avengers) highlights how XRP is already addressing significant inefficiencies in international money transfers. Garlinghouse noted that XRP and Bitcoin differ in that XRP is more effective and faster. XRP is ideal for real-time transfers worldwide; unlike Bitcoin, it can be processed in three seconds.

Garlinghouse claims that XRP enables banks to eliminate the antiquated practice of maintaining pre-funded accounts across several nations. He explained that SWIFT and other conventional systems complicate money transfers because they require banks to hold cash outside their home countries. That need is eliminated by Ripple’s XRP-powered solution, which makes real-time liquidity possible.

He stated that Ripple’s trading pairs are with the US dollar and the British pound. Institutions can access funds instantly. He claims that transactions are finished “in seconds,” an improvement over the days or hours the previous SWIFT network often required.

With Ripple, money can be sent between banks without the involvement of a third party, reducing costs and speeding up the process. Since many financial institutions already incorporate XRP for liquidity