Friends, cryptocurrencies have the potential to increase
transaction speed and reduce the cost of trans-border trade and financial
transactions. Ripple
purports to conduct 1,500 transactions
per second, than six times faster than PayPal. What's more, Ripple's
transactions comes in at just a fraction of a cent, which could prove
significantly more attractive than PayPal, depending on the sender and receiver
of funds. Ripple's transactions comes in at just a fraction of a cent,
which could prove significantly more attractive than PayPal, depending on the
sender and receiver of funds. Transaction
speeds vary widely among cryptocurrencies. While
currently limited to cross-border payments involving British pounds and Fijian
dollars, the early-stage platform is nonetheless designed to scale to handle
seven fiat currencies in the South Pacific - including the Australian dollar,
the New Zealand dollar and the Tonga pa'anga. Perhaps the platform's most
distinguishing characteristic, however, is that the project showcases how private and public Blockchain
technologies are increasingly being used in tandem. While IBM's Blockchain
solutions are designed to complete much of the workflow around transaction
clearing, the actual settlement will be conducted using Stellar's Blockchain. What
is your assessment? Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)
Our mission is to provide Training and Certification programs to enable Cryptocurrency, Blockchain and FinTech traders and investors worldwide to achieve their career goals.
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