Can customers actually do XRP-based money transfers through conventional banks?
I'm from a very a country with a very archaic and anti-competitive banking system. From what I've read, at least one chain of major national banks has some affiliation to XRP, but I haven't seen anything about how to do faster and less expensive money transfers via XRP from that bank. XRP isn't mentioned anywhere on its website, and that got me wondering how banks even refer to XRP-based money transfers – to the extent that they acknowledge XRP or crypto to their customers at all.
Do any banks where you live actually let you transfer fiat money via XRP? If so, do they refer to such transactions as "wire transfers," "XRP money transfers," or something different? Also, wouldn't both the sending bank AND the receiving bank need to support XRP for this sort of transfer to go through?
submitted by /u/bje332013
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