The partnership between Ripple and Thunes is attracting attention from the financial community as it has the potential to change traditional mechanisms of international payments.
Impact on Money and International Transfers
Ripple's new alliance with Thunes strengthens both companies' positions in the field of international money transfers. Thunes operates in over 130 countries and supports more than 80 currencies, making it a significant player in the global financial arena. Experts like Diana note that this collaboration could seriously impact SWIFT's dominance in the transfer space.
Technological Advantages of the Partnership
Thunes' integration with the XRP Ledger allows for faster and more efficient payment transactions. Additionally, unlike SWIFT, Ripple and Thunes aim to incorporate settlement features, which significantly reduces transaction times to seconds. This will provide financial institutions with the ability to offer more convenient and transparent services to their clients.
The Future of International Payments
The Ripple-Thunes collaboration opens new horizons in financial infrastructure, allowing businesses, governments, and consumers to settle payments in real time. The emergence of XRP as a bridge asset also helps optimize transaction costs, making it advantageous for use in international transfers.
Thus, the Ripple-Thunes alliance presents an attractive alternative to traditional financial systems, promising faster and cheaper international transfers.
