Ripple and XRP have been acknowledged by the Institute of International Finance for their role in cross-border payments, placing them among other leading blockchain and stablecoin solutions reshaping the global payments landscape.
Stablecoins and digital assets are recognized for offering superior speed and cost efficiency for international transfers, with examples including JP Morgan's Kinexys platform, Circle's USDC, PayPal USD, and Coinbase's Base.
The report highlights the success of stablecoin-based remittances in regions like Latin America and emphasizes Ripple's purpose-built infrastructure enabling global payments using XRP as a floating, unbacked digital asset.
The acknowledgment of Ripple and XRP by the IIF reflects the growing legitimacy of blockchain-based payment systems in institutional finance, indicating increasing momentum for crypto solutions in real-world financial use cases.