- Ripple is redesigning its systems to offer a modernized solution that will allow treasury managers to meet their business needs, including timely payment delivery, low cost of transactions, and accessibility in high-growth markets.
- One of the core advantages of the Ripple Corporate Treasury solution is that it will open access for startups to tap into new emerging markets, especially in developing economies with high growth potential.
Ripple, a global fintech company, is offering a modernized solution for corporate treasury management that provides timely payment delivery, low cost of transactions, and accessibility in high-growth markets. This solution is necessary due to the complexities of the financial ecosystem and the hindrances brought about by the COVID-19 pandemic. While Fintech firms also recorded an upsurge in their services, Ripple’s solution offers a more ideal option for some payment transactions.
“Corporate treasury teams can also utilize crypto solutions to improve cash flow planning and lower operational overhead, enhance commercial terms, and even help suppliers factor their receivables. Crypto presents a truly modernized solution that allows treasury managers to meet their business needs and expand into new markets without breaking the bank,” Ripple said in a statement.
Ripple’s innovative solution harnesses the power of blockchain technology to boycott the need for middlemen in today’s banking industry. By doing so, Ripple allows for operational flexibility needed to achieve the goals of timely payment delivery, low cost of transactions, and accessibility in high-growth markets, all within a single bank.
One of the significant advantages of Ripple’s Corporate Treasury solution is that it will open access for startups to tap into new emerging markets, especially in developing economies with high growth potential. With a strong presence in South East Asia, Brazil, and Mexico, Ripple can be the gateway to access these regions, which contribute more than 50% of the global GDP.
Corporate treasury teams can also utilize crypto solutions to improve cash flow planning, lower operational overhead, enhance commercial terms, and even help suppliers factor their receivables. This allows treasury managers to meet their business needs and expand into new markets without breaking the bank. Ripple’s global partners, including Tranglo, have helped it advance its presence in Southeast Asia, and startups can harness payment solutions from this region without the need to touch their operating capital.
With Ripple’s Corporate Treasury Management solutions, managers can focus on other growth initiatives that can help change the entire bottom line of their respective firms. This solution is significant for both established companies and those still getting up on their feet, as it provides accessibility to emerging markets, which can help boost business growth potential.
