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Institute of International Finance Acknowledges Ripple and XRP for Cross-Border Payments

  • 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.

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