HODL strong boys....when fully implemented XRP will be a $100 token. Go XRP! ____________
Payments Across Borders: Three Observations on Challenges and Developments - FedPayments Improvement
“Cross-border payments continue to grow across all use cases. As the economy becomes more interconnected across borders, there is a growing appetite for fast, efficient and accessible payments to be made in every part of the world. With growth in eCommerce, global trade and migration, cross-border payments are on the rise for both businesses and consumers, from family members sending money to their native countries to growth in online marketplaces. In 2019, ESTIMATES PROVIDED TO THE FED FROM GLENBROOK SUGGEST CROSS BORDER TRANSACTIONS TOTAL AROUND $29 TRILLION AND ARE PROJECTED TO GROW TO AROUND $39 TRILLION BY 2022.”
“Additionally, businesses and financial institutions may face LIQUIDITY CHALLENGES WITH TRILLIONS OF DOLLARS OF CAPITAL FUNDS IN PRE-FUNDED TRANSACTIONAL ACCOUNTS (known as nostro/vostro accounts) used to facilitate cross-border payments.”
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