Eduard Watson

9 months ago

We recently revealed that Ripple has been doing its best so far in order to promote the adoption of its products.

The most popular ones are probably xCurrent and xRapid, and it’s also worth highlighting again the fact that xRapid uses XRP.

According to the latest reports, the World Bank just praised the distributed ledgers and called Ripple’s xRapid a potentially transformational technology for cross-border payments.

They have addressed the shortcomings of the traditional payments systems and explained why and how DLT could change all of this and eventually revolutionize finance.

Ripple can address the downsides of the traditional payments system

“These shortcomings make the cross-border payment industry ripe for disruption and innovation. Some see distributed ledger technologies (DLT) as having the potential to drive industry-wide change. Indeed, B2B cross-border payments, traditionally characterized by fragmentation and opacity, are a potential use case for the successful implementation of DLT,” the World Bank’s senior financial sector specialist Marco Nicoli said.

More crypto analysts see the fact that Ripple and its xRapid have been mentioned by the World Bank as a step closer towards mass adoption.

XRP has also been making its own moves towards mainstream adoption, and various important listings are a crucial element for achieving this goal.

Other than that, XRP's integration in WooCommerce, Gmail, Microsoft Outlook are just a few others worth mentioning.

Ripple has been working hard to develop solutions that can take over SWIFT which is the traditional payments system used by banks and financial institutions for decades now.

Ripple has developed revolutionizing solutions that make cross-border payments faster, cheaper and secure and more banks are slowly but surely getting on board with the San Francisco-based company.

Ripple has been doing a great job convincing more and more entities to use xRapid which is powered by XRP.

Leave a Reply

avatar
  Subscribe  
Notify of
Icon
1xBit

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
BitStarz

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting industry....

Top Exchanges
Icon
CEX.IO

4.00

Read Review - Website

Icon
Coinbase

4.48

Read Review - Website

Icon
Binance

4.50

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Trending news

Binance

Trending news

Top Exchanges
Icon
CEX.IO

4.00

Read Review - Website

Icon
Coinbase

4.48

Read Review - Website

Icon
Binance

4.50

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Top Sportsbook
Icon
1xBit

4.03

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

1518 Articles
7255 Followers