The post Ripple Confident in U.S. Banks’ Adoption of XRP for Cross-Border transactions! appeared first on Coinpedia Fintech News
Ripple, a blockchain-based payment system, expects U.S. banks to prefer its digital asset, XRP, for cross-border transactions. Ripple believes the global economic uncertainty brought on by the pandemic will hasten the need for faster, more secure, and more cost-effective solutions. XRP offers faster transaction times and lower fees than traditional payment systems. Ripple has been actively promoting its benefits to financial institutions worldwide. Its confidence in XRP’s future continues to grow as more banks adopt blockchain.
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