Emi shared her thoughts on global payment problems and how Ripple can solve them.
With 9% growth in global migration, 34% small to medium enterprise in developed countries export internationally, internet connects the world more than ever before.
Global payment today is slow, unreliable with 6% possibility to fail, and costly with average $14 cost to send $200. Here comes the solution—XRP: 3 secs to settle a payment, $.0002/transaction and 1500 transactions per sec.
Ripple, an Internet of value, enables the world to move value like information moves today. This goal is achieved by two strategies: RippleNet and Xpring. RippleNet connects financial institutions to enable real-time payment and offer ODL (on-demand liquidity). Xpring, an open platform for money, is established on open standards, open sources, and open network.