Ripple XRP has the technology to facilitate remittance payments in the Gulf region or anywhere else. Their real-time settlement P2P connection through RippleNet is one of the main selling points. Delivery failures are also reduced to near zero while clients are connected. Banks can easily hook into the RippleNet APIs and accommodate both high- and low-volume corridors alike. Moreover, the use of XRP will become a viable option for instant settlement moving forward. It certainly is something to look forward to, that much is evident.
For the time being, it remains to be seen how Ripple can shake up things. The benefits are clear for everyone to see. Moreover, their technology shows how global cross-border payments can be simplified quite a bit. Not everything in life has to be overly expensive just because some people deem it so. There are better and cheaper alternatives available, that much is certain. Once more companies embrace this technology, interesting things will happen. The Gulf region is certainly one region to benefit from these technologies.
Source:- http://www.livebitcoinnews.com/ripple-technology-can-improve-payment-services-gulf-region/
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