Ripple has a very specific mission: to enable secure, instant and free global financial transactions. Over the past few months, it has announced a number of improvements and new features within its network. Reference is made in particular to the adoption of the Money Tap by three Japanese banks. And now Ripple announces a grandiose project. He envisions a multi-partnership to help billions of people.
Ripple plans to help 3.7 billion people
Ripple is both a real-time gross settlement (RTGS) system and a crypto exchange. For this society, financial inclusion is a human right. With this in mind, she would like to help:
- people who do not have access to banking services,
- to the underbanked around the world.
In an article published on his website, Ripple unveils precise statistics. 1.7 billion people are unbanked and nearly 2 billion fall into the under-banked category. To remedy this situation, Ripple then plans to expand its partnerships with innovative fintechs, universities, NGOs, foundations and social entrepreneurs. The goal: to ensure a more stable, sustainable and inclusive economy.
The adoption of crypto and blockchain technology: THE ecological and economical solution
Ripple is one of those companies directly fighting the climate crisis. This blockchain-based financial technology company believes that adopting cryptocurrency and blockchain technology is the best way to get through this crisis. At the same time, it would help improve the economy.
This project, aimed at helping 3.7 billion people, therefore does not deviate from Ripple’s objective: to enable low-cost and always-active remittances in emerging markets. But the company also wants to help create central bank digital currency platforms for governments ready to improve financial inclusion.
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