Ripple and XRP Could Boost G20’s Global Payments Goal
- RippleNet aims to accelerate cross-border payments by 2030
- XRP Could Hit $20K as Adoption Grows
- G20 focuses on blockchain and ISO 20022 for efficiency
Ripple and its XRP token are positioned as key players in the G20’s efforts to modernize cross-border payments. With targets set for 2027 and 2030, the group aims to reduce global transfer costs to less than 1% and ensure that 75% of payments are settled within one hour.
Um report A recent report from the US Faster Payments Council (FPC) highlights how Ripple’s infrastructure can be instrumental in achieving these goals. RippleNet technology, combined with the use of XRP as a liquidity asset, meets the interoperability and speed requirements required by the ISO 20022 guidelines, which are adopted globally in the financial sector.
The G20 has been prioritizing solutions that offer greater transparency and financial inclusion, while encouraging partnerships between banks, fintechs and cryptocurrency issuers. Ripple, along with Stellar, was cited as one of the main agents in enabling this new payments ecosystem.
The international money transfer market currently moves around US$34 trillion. The demand for more accessible, efficient systems with near-instant settlement makes technologies like Ripple’s especially attractive to financial institutions and governments.
Ripple’s growing acceptance could drive a strong appreciation for XRP, with estimates pointing to a value between $10 and $20 by 2025. Analysts also project long-term potential for the token, suggesting that XRP could reach $100 by 2026, with a possible future spike of up to $1.000 as its global adoption expands.
Standardization via ISO 20022, the incorporation of Distributed Ledger Technology (DLT) and the focus on interoperability are strategic points that bring Ripple's project closer to the G20's structural objectives, making XRP not just a utility cryptoasset, but a central tool for the transformation of international payments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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