Close Menu
    AD
    AD
    News

    World Bank recognizes XRP as the best currency for international transactions

    Jeff TaylorBy 02 Mins Read
    • The recognition of XRP by the World Bank documents its efficiency at low cost in cross-border payments.
    • XRP’s design as a bridge currency positions it as a strong alternative to traditional interbank systems and could replace SWIFT, for example.

    The World Bank recognized XRP as the best digital currency for cross-border transactions and highlighted its efficiency, speed and cost-effectiveness in international money transfers – CNF reported.

    As Levi of Crypto Crusaders tweeted, the recognition underscores XRP’s potential to transform global payments by providing a faster and cheaper alternative to traditional banking systems.

    Ripple has established XRP as a bridge currency for frictionless cross-border payments between different fiat currencies – CNF reported.

    Expert forecasts predict a potential rise of XRP to 1,000 dollars, supported by a market of 1 trillion dollars, with XRP able to process 1,500 TpS at minimal cost.

    A notable example of XRP’s efficiency is Arrington Capital’s transfer of $50 million in just 3 seconds for just $0.3. While Ripple’s XRP is often compared to Stellar’s XLM, XRP is optimized for financial institutions and businesses, while XLM is aimed at individuals.

    The World Bank’s choice of XRP is an important milestone, and experts believe that XRP could play a crucial role in future international payment systems, potentially supporting a crypto-based SWIFT alternative.

    While Ripple’s XRP has been recognized by the World Bank as the best currency for international transactions, it is trading at $0.5512, up 0.13% since yesterday and down 3.98% in the last week. Details are shown in the price chart below.

    Recommended for you:

    Subscribe to our daily newsletter!


    >> Subscribe <<

              No spam, no lies, only insights. You can unsubscribe at any time.

    This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

    Dr. Jeff Taylor is an experienced crypto journalist with a Ph.D. in Biochemistry, whose primary mission is to educate everyone about the potential of Bitcoin and the blockchain technology. His fascination with cryptocurrencies began during his tenure as a former trader when he discerned the distinct advantages of decentralized money compared to traditional payment systems and CBDC's. Business Email: [email protected] Phone: +49 160 92211628

    Related Posts