<ul><li>XRP's role in cross-border payments lies in addressing the inefficiencies of traditional international payment systems by offering speed, cost-effectiveness, and liquidity.</li><li>Ripple's network, RippleNet, utilizes XRP to facilitate instant settlement of transactions, reducing the need for pre-funding nostro accounts and leading to operational cost savings for banks.</li><li>Ripple has formed strategic partnerships and expanded globally to improve cross-border payments, such as collaborating with Portuguese currency exchange provider Unicâmbio to support instant international payments.</li><li>XRP has gained governmental recognition, including being included in the U.S. strategic cryptocurrency reserve, highlighting its growing significance in the global financial landscape.</li></ul>

XRP’s Role in Cross-Border Payments and Why It’s So Important

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