Ripple's blockchain and XRP are being recognized as tools to meet 2027 and 2030 G20 cross-border payment targets, positioned favorably due to speed, low fees, and liquidity.
G20 aims for improving world financial flows by accelerating settlement times, widening access, enhancing clarity, and reducing costs, with Ripple's cross-border network and XRP identified as potential instruments to achieve these objectives.
Ripple's strategy focuses on low-cost real-time settlement using blockchain and XRP, aligning with G20 targets of lowering transaction fees, increasing settlement speed, and expanding cross-border transaction availability in various sectors.
With a $34 trillion market in sight for blockchain-powered payment systems, Ripple stands poised to contribute significantly to G20's broader economic outcomes through payment reform by providing real-time settlement, cost savings, and liquidity with XRP.