menu
techminis

A naukri.com initiative

google-web-stories
source image

Blockonomi

5d

read

65

img
dot

Image Credit: Blockonomi

Ripple Sets $30 Trillion Target for XRP Cross-Border Payment Volume

  • Ripple aims to capture 20% of SWIFT’s $150 trillion annual transaction volume, targeting $30 trillion flowing through XRP Ledger yearly.
  • Previous projections aimed for 14% of SWIFT’s volume within five years, equating to $21 trillion annually.
  • SWIFT critic Vincent Van Code suggests SWIFT might adopt XRP and Ripple for interbank payments as an alternate settlement layer.
  • XRP Ledger offers near-instant settlement and low transaction fees compared to SWIFT’s slower and costlier system; SWIFT has shown openness to blockchain technology, testing interoperability with Chainlink in 2022.

Read Full Article

like

3 Likes

For uninterrupted reading, download the app