Ripple XRP, third most valuable cryptocurrency, gets for money transfers

published 20.05.2020 10:28

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U.S Consumer Financial Protection Bureau, which plays a major role in protecting America’s consumers in the financial sector, wrote on the “continued growth and expanding partnerships” of companies such as Ripple.

America’s Consumer Financial Protection Bureau has given Ripple approval for its use in cross-border money transfers.

“The Bureau also believes that expanded adoption of SWIFT’s GPI product or Ripple’s suite of products could similarly allow banks and credit unions to know the exact final amount that recipients of remittance transfers will receive before they are sent.”

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