Ripple co-founder Chris Larsen revealed that over 100 banks are collaborating with Ripple to enhance cross-border payment systems. Larsen emphasized that the demand for faster, app-level value movement is driving this collaboration, rather than political influences. He noted that banks are keen on maintaining their traditional roles while adopting new technologies to improve transaction speed and efficiency.
Larsen highlighted that current international payment systems lag behind real-time global standards, prompting banks to seek Ripple's solutions. The company is focusing on aligning technology, compliance, and capital within regulated frameworks, with banks showing significant interest and engaging in structured dialogues. Ripple aims to bridge the gap in payment systems through enterprise-focused collaborations.
Ripple Engages 100+ Banks for Cross-Border Payment Solutions
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