• Local banks can transform global payment challenges for SMEs.
• Ripple’s solution would address cross-border payment issues efficiently.
• SMEs contribute over $17 trillion in annual cross-border payments.

Ripple Labs, the FinTech company specializing in blockchain and cryptocurrency solutions for cross-border payments, has highlighted how local banks can transform global payment challenges into growth opportunities for SMEs. In a recently released whitepaper, the company detailed how its solution can tackle issues like slow, complex, and expensive global payment processing, as well as outdated financial services.

Ripple aims to provide a more efficient and modern payments system with better payment choices. The company believes such solutions are crucial to support the significant growth SMEs have seen recently, contributing over $17 trillion in annua…

The post Blockchain for Local Banks: Ripple’s Whitepaper on SME Global Payments appeared first on Coin Edition.

• Local banks can transform global payment challenges for SMEs.
• Ripple’s solution would address cross-border payment issues efficiently.
• SMEs contribute over $17 trillion in annual cross-border payments.

Ripple Labs, the FinTech company specializing in blockchain and cryptocurrency solutions for cross-border payments, has highlighted how local banks can transform global payment challenges into growth opportunities for SMEs. In a recently released whitepaper, the company detailed how its solution can tackle issues like slow, complex, and expensive global payment processing, as well as outdated financial services.

Ripple aims to provide a more efficient and modern payments system with better payment choices. The company believes such solutions are crucial to support the significant growth SMEs have seen recently, contributing over $17 trillion in annua…

The post Blockchain for Local Banks: Ripple’s Whitepaper on SME Global Payments appeared first on Coin Edition.