Ripple, Blockchain-based Solutions Could Revolutionize Remittances: Report [CryptoGlobe]

cryptocurrency, financial technology and business concept - close up of businessman with bitcoin, ethereum and ripple icons on virtual screen over dark background

A recently published report has found that blockchain-based money transfers are 388 times faster and 127 cheaper than those of legacy financial systems. The stats are even more impressive when we look at Ripple’s transaction speeds and fees. The report, published by BlockData, reveals that blockchain-based solutions are great for remittance payments. Through a sample of 1,800 remittance payments, BlockData found that Ripple, BitShares, and Stellar could turn the industry around[…]

Full Story: