The adoption of crypto and digital products has accelerated in the global economy, reinventing how value is transferred across borders. As of today, cross-border transfers are nearing a trillion dollars.
That’s a big number! It reflects the increasing use of crypto products to solve real-world problems, and few illustrate this better than Ripple (XRP) and Remittix (RTX) in the PayFi sector.
XRP has long been the go-to bridge asset for liquidity and international settlement. But its latest development, in the form of Ripple’s $92 billion escrow play, takes it to a whole new level. This addition will redefine how institutions annex XRP liquidity with clearer regulations and trackable predictability.
We take a look at the latest XRP news and throw more light on Remittix, the new-gen paymentFi protocol.
How Does the Latest Ripple Escrow Play Affect Institutional Parties?
Ripple’s escrow mechanism, first introduced to stabilize XRP supply, has become a core part of its institutional utility. XRP news update confirms that about 35 billion XRP (roughly $92 billion at the current market rate) are locked in numerous escrow contracts that release a controlled amount monthly. As if that were not enough, there is a twist.
Ripple’s CTO, David Schwartz, gave another interesting update, saying that Ripple holds the legal right to sell or transfer the rights to future escrowed XRP, even while those XRP tokens remain locked. What does this mean, and how does this development affect institutional parties?
Firstly, this implies that Ripple cannot immediately circulate escrowed XRP; the tokens must still adhere to their release schedules. However, as Schwartz clarified, the rights to those tokens can be sold, or escrow accounts themselves could be reassigned. Moreover, institutions and large XRP liquidity providers could secure future claims to the asset, giving them priority or certainty over token delivery upon release.
Remittix (RTX), the Future of Cross-border Payments
Ripple’s $92 billion escrow, which focuses on institutional liquidity, has saturated discussions at the community level; Remittix, on the other hand, is stealthily building momentum operating as an alternative payment solution for the underbanked and developing markets.
The project is building a cross-chain infrastructure that leverages ETH blockchain efficiency with traditional financial accessibility, therefore, enabling instant crypto-to-fiat conversions without financial intermediaries.
Remittix is a breakthrough for underbanked regions and countries where their financial systems are mostly fragmented. Its payment infrastructure will allow everyday users, freelancers, etc., to complete international transfers in minutes at a flat, transparent fee, ensuring recipients receive the exact amount sent.
Experts believe that with Remittix, millions in developing countries can participate in commerce globally without needing advanced banking access.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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