The World Trade Organization (WTO) released the World Trade Report 2018 and presented a report on the impact of block chains and virtual currencies on trade, entitled the future of world trade.
In the report, Ripple is particularly evaluated as being evaluated with respect to BTC (Bitcoin), Ethereum (Ikusarium) and IOTA (iota), and “In the future, it will have a serious impact on the global financial system including the bank sell”
“We are aiming to build a system that can remit money with a small fee without going through the conventional correspondent bank (a bank via which international remittance is made.) Currently, Ripple has already tied up with more than 100 financial institutions However, only limited financial institutions are conducting large-scale operations, and the system is in the testing stage. “
And it is evaluated.
The World Trade Organization (WTO) has been publishing its annual report in the past, but this year was the first time to mention block chains and virtual currencies.
Author: Arata – Source Post: https://crypto-times.jp/wto-ripple/
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