XRP May Power Up The Entire Global Banking System

Ripple's digital currency, XRP, is making some serious waves ever since the historical win against the SEC lawsuit earlier this month. The token has gained more than 70% since and trust in Ripple’s vision is soaring.

The ripple blockchain has the potential to become the de-facto transaction method for international transfers by Global Banks. There is a lot to unpack here, as Ripple has been silently striking partnerships with some of the biggest banks out there and can become one of the leading financial instruments that the Global Financial system may integrate within their systems.

RippleNet Grows in Adoption

RippleNet is a distributed worldwide network, made up of banks and payment service providers, that utilizes Ripple’s innovative decentralized financial technology. This tech facilitates instant communication, clarification, and reconciliation of financial dealings. Ripple establishes connections between banks, corporates, digital asset exchanges, and payment providers through RippleNet, offering a seamless global money transfer experience.

Ripple’s partnerships with Bank of America, PNC Bank and Santander are a testament to Ripple’s continued effort to consolidate and create a financial instrument that can indeed bring global economies together.