The rapid payment system and reasonable prices are gaining a traction all over the world. A new report highlights that the XRP and Blockchain technology from Ripple can play a major role in helping the Group of Twenty to achieve cross -border payment goals by 2030.
The 2025 report of the United States’ Four Payments Council (FPC) highlights how American payment companies can play a big role in making global payments faster, cheaper and more reliable.
Global demand requires fastest, cheaper and more transparent payments across the border, which is already a $ 34 trillion market. The Group of Twenty is pushing hard to improve this space, and sees it as a key to promoting trade, economic growth, and development. They are planning to make payments faster, affordable and easier to reach.
Goals 2017 and 2030-
They have set clear goals for retail, wholesale and transfers, and aim to make great progress by 2027 and 2030. The 2027 and 2030 goals include reducing cross -border payment costs to 1 % or less and ensuring 75 % of payments within an hour.
- Also read:
- Skybridge Scamucci says Solana will replace banks for subscriptions.
- and
In order to achieve goals, the US FAPC urges home service providers to adopt ISO 20022, embrace inter -operating susceptibility, and use Blockchain technology such as DET book technology (DLT). He also stressed points such as focusing on financial inclusion and promoting cooperation between industry. I specifically noticed Ripple and Stellar as major players who can improve the global border payment scene.
Ripple reinses global payments with XRP and XRP technology. Since it follows the global rules (such as ISO 20022) and uses the Blockchain smart tools, it is a better choice to help the Group of Twenty achieve payment goals.
Since more companies adopt Ripple solutions, XRP may see great gains from high demand. With the increasing dependence, experts expect that their number will exceed 10 to 20 dollars to 20 dollars in 2025. Reaching can occur to $ 100, but it is likely to reach $ 1,000 in early 2026. Ultimately, with the expansion of technology and the network more, XRP may reach $ 1,000.
Do not miss any rhythm in the world of encryption!
Stay in the foreground with urgent news, expert analysis, actual time updates about the latest trends in Bitcoin, Altcoins, Defi, NFTS and more.
Common questions
XRP is one of the digital assets that facilitate the global fast -cost payments through the decentralized Blockchain network in Ripple.
XRP is placed to update banking services by enabling low -cost immediate border payments with Blockchain efficiency.
Yes, more than 100 financial institutions have made partnership with Ripple, using XRP for fastest liquidity and settlements.
Although the Federal Reserve did not adopt XRP, Ripple’s Tech is in line with goals like ISO 20022, which makes future use in theory.
Source: https://coinpedia.org/news/why-ripple-and-xrp-could-be-the-backbone-of-the-g20s-fincancial-plan/