What are the best ways to transfer money internationally using blockchain technology?

1 answers

• hunar mohammedMay 01, 2022 · 3 years ago
  If you're looking for a more traditional approach to international money transfers using blockchain technology, you can consider using platforms like Ripple. Ripple is a blockchain-based payment protocol that enables fast and low-cost cross-border transactions. It works by using its native cryptocurrency, XRP, as a bridge currency to facilitate the transfer of value between different fiat currencies. Ripple has partnerships with various financial institutions around the world, making it a viable option for international money transfers. However, it's important to do your own research and consider factors such as fees, liquidity, and regulatory compliance when choosing a platform for international transfers.
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