In a recent report from the company, Ripple explored how they are set to dominate cross-border payments, as XRP could be set to benefit from a global boost. Indeed, the company explored how crypto is powering those cross-border transactions. Moreover, they emphasize how Rippel is a that center.
This is all taking place as Ripple is celebrating the 10-year anniversary of the XRP Ledger. In a recent celebration at XRP Community Day, President Monica Long and others are poised to explore the next decade of innovation for Ripple Labs. All centered around its critical XRP token.
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Ripple Cross-Border Payment Domination Continues as XRP Can Surge
Ripple has long dominated the cross-border payment space. The companies have utilized crypto and blockchain technology to transform their industry. Moreover, a recent report from the company highlighted that very fact. Moreover, they note how that dominance is set to continue.
The company noted that “traditional financial systems struggle to match the speed,” of crypto platforms. Alternatively, they express how “Ripple Payments leverages the power of the digital asset XRP and the XRP Ledger,” to enhance the process.
Through Ripple, these transactions settle in seconds. That is a far distinction from what was possible in traditional financial entities. The report notes that Ripple allows crypto to give businesses a “competitive edge,” in the growing market.
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The report’s focus on XRP places a spotlight on its immense potential. The native token could be set to surge if increased utilization on a global market takes place. The cryptocurrency certainly could use the boost. Indeed, it has underperformed for much of the year.
The asset has increased 5% in the last 30 days, but is still down 4.5% in the last week, according to CoinMarketCap. Moreover, it has lost almost 4% of its value in the last 24 hours alone, trading at $0.52. Additionally, the token is currently threatening a move to $0.50.
Yet, there is some good expected from possible positive sentiment in the coming days. XRP Community Day could drive some market interest. That would also coincide with the nearing launch of Ripple’s RLUSD stablecoin. Both could only increase the appetite of traders for XRP.