In a material on its official website, Ripple presented an article on the topic: Piecing Together Latin America’s Fractured Treasury Flows.
In a material on its official website, Ripple presented a large material on the topic: Piecing Together Latin America’s Fractured Treasury Flows. Separately, there was an abstract on Twitter:
We’ve said it before, and we’ll say it again: Moving money across borders via legacy financial systems is a costly, slow, unreliable process. Learn why LATAM has the highest rates of intraregional treasury flows and how they could streamline this system.
The material itself pointed to shortcomings in the system and particular challenges in the region. It was also indicated that the region is trying to seize opportunities. At the end, it was noted how Ripple can help:
Ripple’s crypto-enabled payments solution provides businesses the opportunity to send money across borders without the need for pre-funding destination accounts. Simple, inexpensive, real-time transactions provide efficiency and transparency to focus on maximizing the value of resources and scaling businesses big and small.