Real time low cost transfers

Real Time Low Cost Transfers

Traditional international payment systems involve multiple intermediary banks and third parties, leading to several challenges.

• Transaction Delays Transfers often take several days to complete, causing disruptions for both personal and business needs.

• High Fees Intermediary fees and currency conversion costs make transactions expensive, especially for small value transfers.

• Value Fluctuation Risks The extended time required for funds to move through traditional systems increases exposure to currency fluctuations, affecting both crypto and fiat values before final settlement.

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2. Solution

Swell leverages RippleNet and SWELL tokens to address these challenges and deliver the following benefits.

• Real Time Transfers By utilizing RippleNet's liquidity network, payments are completed within seconds, accommodating situations that demand rapid fund transfers.

• Reduced Fees By eliminating intermediary banks, Swell minimizes transaction fees, making it highly cost effective even for small value payments.

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3. Specific Use Cases

• Peer to Peer Transfers Enables quick and low cost transactions between family members and friends.

• International Transactions for Small Businesses Freelancers and small businesses can receive payments from global clients with minimal delays and fees.

• Real Time Investments Facilitates real time investments in tokenized RWA assets and seamless revenue payouts.

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4. Swell's Competitive Advantages

Swell's system outperforms traditional payment models in the following ways.

• Speed Crypto assets are converted to fiat currency in under one minute.

• Value Stability Swell minimizes value fluctuations for both crypto and fiat currencies during the conversion process.

• Cost Efficiency By eliminating intermediary banks and SWIFT networks, transaction fees are significantly reduced.

• Transparency Transfer progress can be tracked in real time, ensuring full visibility for users.