Earlier today, Ripple released a video (which is part of a series called “Crypto in One Minute”) featuring Brendan Berry, who is the the head of payments product management.
Berry identifies three core concepts that need improvement in the payments sector: Cost, Speed, and Reliability. Berry contrasts the experience of making payments within a country to that of making payments across countries.
He notes that in domestic payments, the issues of cost, speed, and reliability are generally well-addressed. However, when it comes to international payments, these issues become more pronounced due to the friction between different systems.
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