United States-based financial technology startup RippleIt has been revealed that RippleNet, a payment solution application with XRP infrastructure, has processed 20 million transactions since its launch.
WrathofKahneman, one of the well-known names in the Ripple community, shared the current statistics and blockchain once again praised his initiative.
“70 payout markets today, including new regions like Singapore, Malaysia, Poland, Indonesia, Thailand, Brazil, France, Sweded and more (up from 3 in 2020)”
From #Ripple‘s latest Quick Guide to Treasury Flows:https://t.co/GHpq1YUGkX pic.twitter.com/UgvWpTI0oX— WrathofKahneman (@WKahneman) April 20, 2023
XRP phenomenon; RippleNet He emphasized that his service is available in countries around the world such as Brazil, Singapore, England, UAE, Mexico. Kahneman thinks the payment tool makes things a lot easier for international transfers.
According to the shared image, the number of transfers has exceeded 20 million since the emergence of RippleNet. The amount of monetary volume realized during the process was recorded as $ 30 billion.
In another anecdote he shared, the Ripple phenomenon mentioned that the 70 countries served constitute 90% of the global foreign exchange market.
What is RippleNet?
According to the information on the website of the US fintech company Ripple, RippleNet is an innovative payment system. Financial technology company; emphasizes that it makes money transfers cheaper, faster and more reliably through the network it has developed.
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