This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Ripple’s XRP has been recognized by the Institute of International Finance (IIF) as an efficient solution for international payments in response to a BIS consultation. The IIF highlighted XRP’s speed and low-cost transactions, positioning it as a viable alternative to traditional banking systems.
- IIF report identifies XRP as a superior alternative to legacy banking systems due to its speed and low transaction costs.
- Ripple's RLUSD stablecoin was excluded from the IIF report, likely due to its late 2024 launch, but is now integrated into Ripple Payments.
- SBI Remit, a Ripple partner, was recognized by Mastercard for using XRP as a bridging asset in remittances, showcasing real-world adoption.
📎 Related coverage from: crypto-news-flash.com