Marcus Treacher, the Global Head of Strategic Accounts of Ripple during an interview on Ripple’s ability to ease out cross-border remittances, highlighted how XRP has the potential to bring a new era of liquid provisioning in future. His interview with Elena Anisimova, the VP, Private Company Access & Advisory at Citi Bank also opened about Ripple’s current effort to help banks for moving value between each other.

Digital assets are the best option to manage liquidity as they can move from one value store to another in terms of fiat currencies such as Dollars and Euros. However, the situation can turn unfavourable in case the company decide to fund a currency which is ‘illiquid”, said Treacher.

He then highlighted the role of digital assets (XRP) towards bringing liquidity. He opined that digital assets have a major value of proposition in terms of defining value – immediate payment (Blockchain Value) and delivery of liquidity.

Continuing further he said, “Banks are focused on blockchain because that’s where the increase of the value that can be provided for their end customers in terms of efficiency, speed, accuracy, and awareness.”