Ripple has been awarded the 'Best Cross-Border Payments Platform—platinum winner' at the Fintech & Payments Awards 2024.
Despite the recent price decline of XRP, the recognition could potentially increase the demand for the cryptocurrency.
The award acknowledges Ripple's leadership in cross-border payments and its use of blockchain technology.
Ripple has expanded its global presence through partnerships with Mercado Bitcoin in Brazil and receiving approval from the Dubai Financial Services Authority.