Ripple’s partnerships with over 300 banks and financial institutions around the world already show how its blockchain rails are being used to speed cross-border settlement and manage liquidity efficiently. Many partners use RippleNet’s messaging for faster transfers, and those that use XRP often do so to tap into liquidity corridors that eliminate the need for massive prefunded accounts on both ends of a transaction.
Most banks are working on outdated systems and will soon be forced to rebuild their infrastructure from the ground up, a process that could cost between $3 billion and $4 billion per institution just to remain competitive.
