Ripple Aims to Disrupt Global Payments with New Tech Infrastructure

Ripple's technology could play a significant role in global payments if it enables financial institutions to process large cross-border transactions at lower costs, according to Steph Is Crypto.

The expert believes that the integration of Ripple's infrastructure with the ISO 20022 messaging standard and XRP could settle transactions worth over $1 billion for under $10.

This potential cost difference represents one of the strongest reasons institutions might consider using Ripple's technology, which could also allow for speedier and more reliable cross-border payments.

The 'utility phase' of Ripple's development is seen as a key point in its transition into banking, with regulatory approval potentially changing how financial institutions use the company's technology and XRP.