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Blockchain technology has already had incredibly beneficial impacts on everything from medical research to food supply-chain issues — but in the array of potential applications the world sees in the technology — one of the most impactful could be in changing the way money moves around the world.
With more than five leading financial institutions piloting xRapid, Ripple’s on-demand liquidity solution that uses the digital asset XRP, we’re now closer than ever to a point where trillions in dormant capital around the world used in traditional cross-border payments could potentially be released.
This freed capital combined with the lower cost and on-demand speed that uses a digital asset like XRP provides for international payments, means we are moving a step closer to an Internet of Value, where money can move like information.
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