The report says Ripple's crypto-based solution could further benefit banks by allowing them to avoid exchange rate and processing fees.
source https://www.google.com/url?rct=j&sa=t&url=https://dailyhodl.com/2020/11/21/london-based-think-tank-says-ripples-xrp-remittance-platform-can-minimize-intermediaries-and-boost-speed-of-international-payments/&ct=ga&cd=CAIyGjBkZWE0Yjc3NzNlM2I2MDQ6Y29tOmVuOlVT&usg=AFQjCNHMa6Clr71CxCzj4ByRBjtetzRWQQ
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