- Ripple targets 14 key “high potential” regions around the world.
- The "Last-Mile Playbook " describes how Ripple partners can achieve widespread adoption in every country.
First published in mid-2020, Ripple Labs a promoted its "Last-Mile Playbook for Global Payments" via Twitter yesterday. The guide explains to potential and existing partners why it is not enough to offer new solutions based on the legacy system. On the other hand, the document also provides informatioIn-depth discussion of the countries and regions targeted by Ripple Labs and how they plan to achieve wide-scale adoption.
14 key regions
As Ripple Labs writes in the playbook, the 'last mile' of payments is often strewn with crucial inconsistencies and obstacles. Blockchain technology, on the other hand, helps streamline the entire payment system, "especially the last mile, where speed, transparency and liquidity are essential for efficient payment processing.
In this regard, inconsistencies in the last mile of payments are due to differences in policies and infrastructure between countries. “In many emerging economies, a large portion of the world's population remains unbanked and must seek alternative means of receiving payments. To meet this demand, the payment of the last mile entails additional time for the regelement and costs. "
Ripple has identified 14 key regions: Argentina, Australia, Brazil, Colombia, Europe, Poland, India, Mexico, Nigeria, Peru, Philippines, Thailand, United Kingdom United and the United States - which offer "great potential". On a scale of 1 to 5 (yellow to blue), the "blue countries" on the map are the most attractive because they have "I.) a high level of small value inbound payments (over $ 100 billion)" and “II. ) a modern, low-value domestic payment system.
Ripple's" winning moves "
In the guide, Ripple specifically describes what 'it will take countries to achieve large-scale and widespread adoption - the' winning movement '. "
Winning boost Get ahead of the game on currency regulation and liquidity management to protect your margins.
Be prepared to connect with NPP for a competitive advantage, if and when it becomes widely available
for direct processing of cross- payments.
Work with a local clearing agent who has set up an FX partner for your business use case.
For real-time settlement, certainty or arrival will set you apart from the competition.
For a competitive advantage, access SEPA Instant for online paymentsreal mps.
Guarantee an optimal payment experience at competitive prices for cost conscious customers.
Optimize liquidity management for payments to Mexico to protect against currency volatility.
Given Nigeria's tightly controlled foreign exchange market and multiple “parallel rates”, perfect your set of foreign exchange and payment providers.
With more than half of the population unbanked, access to cash payments is essential.
Cash payments through pawn shops are the preferred payment channel.
For a competitive advantage with instant last mile settlement, use Express ELIXIR for small amount payments, as opposed to ELIXIR.
Go to PromptPay for paymentss most efficient last mile.
Ed Kingdom Unit
Connect to FPS to provide seamless, real-time, low-cost payments.
Provide transparency for FX and USD payments, pricing and payment status for competitive advantage.