When you think of the one reason to buy XRP in Canada, you will indeed be left out with multiple ways to buy this cryptocurrency. However, let us understand the real-time efficiency of this cryptocurrency here.

2. When you think of the one reason to buy XRP in Canada,
you will indeed be left out with multiple ways to buy this
cryptocurrency. However, let us understand the real-time
efficiency of this cryptocurrency here.
Banks today are constrained by the limitations of network
technology and the opening hours of central partners.
This may limit transaction speed and limit payments time.

4. Ripple replaces the central counterpart with distributed
network and consensus process discussed in the previous
section. This allows for low-cost, real-time resolution
around the clock, seven days a week, 365 days a year.
Speed up settlement and keep accessing payment
services significantly improve network efficiency.

5. Reduce foreign exchange costs through a competitive
market Today, banks have to finance their own
transactions and often have to rely on currency conversion
agents.
This non-competitive arrangement leads to transaction
costs, capital and foreign exchange. Given that only a
handful of organizations have the size and international
presence to serve as respectively, the settlement of cross-
border payments is largely concentrated in a small group
of global money center banks, leaving most banks with few
alternatives if their agent stops its activities.

6. Ripple reduces these costs by hosting a competitive FX
cash and liquidity market account to fund the payments.
Liquidity providers bid on currency conversion and provide
excess liquidity cash that others can use to fund their
transactions. This allows Ripple to provide pre-funded
services and credit models and associated support
systems.

7. Ripple routes transactions through the cheapest and most
reliable liquidity provider. By providing Outsourced funding
and FX conversion hosting in a competitive market, Ripple
minimizes FX costs, maximizes currency liquidity, reduces
transaction costs, and eliminates the risk of relying on an
FX provider.

8. Eliminate conflicts of interest like a neutral infrastructure
Ripple is designed to be a payment infrastructure neutral,
meaning it is currency independent and, such as email and
other standards, there is no preference for any particular
country, jurisdiction or system. Ripple promotes
governance and messaging standards of applicable
payment networks technology, making it a resilient
infrastructure.

9. As no payment system operator is required to adopt
governance and messaging standards issued by another
operator, Ripple removes a potential conflict of interest or
domain dominance of a single supplier.
Maximize payout coverage while minimizing reserve
requirements. Today, a bank must place reserves or
collateral with its agent to minimize counterparty risk.

10. Since each agent typically only serves certain markets or
networks, the bank must maintain multiple agency
relationships to maximize coverage. It links significantly
working capital amount.
Ripple offers a more capital-saving solution while enabling
higher payouts to achieve. The bilateral settlement avoids
the need for correspondence and eliminates many
reservations condition.

11. Instead of accumulating reserves with each agent, banks
only have to allocate seats for Ripple, providing access to
all currencies, market makers and payments networks
using Ripple payment technology as a way to go to
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SOURCE CREDIT:
https://medium.com/@bitcoinwalletcanada/real-time-
efficiency-of-xrp-here-is-the-easiest-way-to-buy-xrp-
4e74ec37945b