Ripple just released a new advertisement showing just how slow it can be to move money in the digital age. According to the ad, the current financial system is so outdated, banks could better serve their customers by hopping on a plane to transport cash from one place to another.
Meanwhile, a new platform is bringing instant XRP transactions to mobile phone users worldwide by allowing anyone to send and receive the digital asset via text.
XRP Text allows users to send XRP to a personal XRP wallet and then instantly send XRP to any mobile phone number, even if the recipient has never used the platform.
The platform requires no registration and allows users to start sending XRP with minimal friction.
Here’s a look at how it works.
XRP Text is currently in public beta.
It was launched by the avid independent XRP developer WietseWind, who warns there could be glitches at this early stage of development.
