The United Nations Capital Development Fund (UNCDF) has publicly recognized Ripple and Stellar as key components of a new, open, and regulated global payments network.
The endorsement solidifies the position of Ripple and Stellar as leaders in the payments industry.
The new network aims to enable seamless payments between individuals and businesses worldwide, regardless of their location or currency.
Ripple recently partnered with Brazilian exchange Mercado Bitcoin to introduce a faster and more efficient cross-border payment solution.