The United Nations (UN) has endorsed Ripple and Stellar as crucial elements in the future global payment network.
According to a video report, a three-phase model was outlined to integrate global payment networks.
Ripple and Stellar would play a significant role in this future payment structure, connecting existing networks such as Swift, Visa, Mastercard, and Celo.
The model includes phases like creating a globally distributed directory, tokenized compliance, and instant clearing and settlement using distributed ledger technologies.