<ul data-eligibleForWebStory="true"><li>Ripple CEO Brad Garlinghouse predicts that XRP cryptocurrency could represent 14% of SWIFT's cross-border payment volume within five years.</li><li>XRP acts as a bridge currency, facilitating immediate exchanges between different currencies and reducing the need for banks to hold money overseas.</li><li>Enterprises are exploring blockchain-based solutions for cross-border payments to address inefficiencies, high fees, and delays associated with traditional methods.</li><li>Blockchain technology offers the potential to streamline processes, reduce costs, and speed up settlement times in cross-border transactions.</li><li>Permissioned decentralized finance utilizing blockchain could cut transaction costs by up to 80% compared to traditional methods.</li><li>Shopify introduced a feature allowing merchants to accept USDC stablecoins, enabling global sales with ease.</li><li>Uber CEO mentioned the possibility of using stablecoins for international money transfers to reduce costs.</li></ul>

Ripple: XRP Cryptocurrency Could Account for 14% of SWIFT’s X-Border Payments Volume

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