Ripple: A Game Changer for the Trillion-Dollar CBDC and Payments Market

• Ripple Labs Inc is being highlighted as an innovative payment service provider with its technology being one of the best for cross-border payments.
• Volante Technologies recently acknowledged Ripple at an Euro Banking Association event as a game changer in the payment ecosystem.
• The International Monetary Fund (IMF) also recently endorsed Ripple and XRP as key components in the pursuit of efficient cross-border settlement.

Ripple Acknowledged As A Payment Service Provider

Ripple Labs Inc is being highlighted as an innovative payment service provider with its technology being one of the best for cross-border payments. Trusted cloud payment service provider Volante Technologies has recently acknowledged Ripple at an Euro Banking Association event as a game changer in the payment ecosystem, while speaking at a Euro Banking Association (EBADay) event, Volante Technologies’ Chief Marketing Officer Vinay Prabhakar endorsed Ripple.

International Monetary Fund’s Position on XRP

The International Monetary Fund (IMF) also recently endorsed Ripple and XRP as key components in the pursuit of efficient cross-border settlement. This IMF’s stance on XRP contributed to the launch of XC Platform, a global platform that would encourage Central Bank Digital Currency (CBDC) interoperability across borders.

Euro Banking Association Event

The EBADay event is a gathering organized by the Euro Banking Association in collaboration with local service providers for top payment and banking officials. The event usually features top European banks as well as those from other nations. During this meeting, several topics including emerging trends and advancements in the payments and transaction banking landscape are discussed.

Volante Technologies & Cloud Payment Processing

Volante Technologies has been a regular face at the event for a long time now. As it stands, Volante Technologies is aware that cloud payment processing is a crucial driver of innovation and flexibility for financial institutions, especially when it comes to cutting costs. The introduction of Ripple technology and GPI is a strategy to attract more opportunities to PSPs.

Ripple Technology Benefits for Cross-Border Settlement

Ripple’s technology remains one of the best solutions for cross-border settlement due to its advantages such low cost, speediness, scalability, etc., which makes it attractive to PSPs looking for efficient ways to process payments across borders without facing any barriers or delays form traditional financial services providers