Crypto
Ripple Payments safeguards spotlight XRP reconversion and fund recovery
A procedure to recover funds by reconverting XRP into fiat when a remittance fails in Ripple’s cross-border payments service, Ripple Payments, has drawn renewed attention. Ripple documents set out how the system retries payments and, if unresolved, converts XRP back to fiat and moves it to a segregated sender account (SSA). The SSA can be used for later payments. A report cited rising ODL volumes and use by more than 300 financial institutions.
