Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 12, 2023 19:03

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.