- The United Nations Capital Development Fund (UNCDF) has publicly recognized Ripple and Stellar as key components of a new, open, and regulated global payments network.
- This endorsement from one of the world’s most influential international organizations solidifies the position of Ripple and Stellar as leaders in the payments industry.
- The new network aims to enable seamless payments between individuals and businesses worldwide, regardless of their location or currency.
In a groundbreaking development for Ripple, the United Nations Capital Development Fund (UNCDF) has officially endorsed the blockchain firm and Stellar as an integral part of a revolutionary new global payments network. This announcement, made during a recent webinar, marks a significant milestone for both companies and the broader cryptocurrency industry.
The UNCDF, a subsidiary of the United Nations Development Programme, is a leading organization dedicated to empowering people and communities to escape poverty and achieve sustainable development. By recognizing Ripple and Stellar as key players in the future of payments, the UNCDF has effectively validated its potential to revolutionize the way money moves around the world.
The proposed global payments network, as outlined by the UNCDF, is designed to be open, regulated, and interoperable, allowing for seamless transactions between individuals and businesses regardless of their location or currency. Ripple and Stellar, with their proven track records in cross-border payments and their commitment to innovation, are ideally positioned to play a central role in this transformative initiative.
This endorsement from the United Nations is a major boost for Ripple and Stellar, solidifying their reputation as leaders in the payments industry. It also signals a growing recognition of the potential of blockchain technology to disrupt traditional financial systems and create a more inclusive and equitable global economy.
Ripple Expands Its Footprint
Recently, Ripple teamed up with Brazilian cryptocurrency exchange Mercado Bitcoin to introduce a cutting-edge cross-border payment solution. As reported by TronWeekly, the new offering aims to transform the way money moves across borders by making cross-border transactions faster, cheaper, and more efficient using blockchain technology.
Additionally, the transaction offers provides Mercado Bitcoin the expertise of Ripple’s end-to-end payment infrastructure, allowing businesses and people to send and receive money internationally 24×7-with minimum delay with certainty that cross-border payments settled in minutes, which is the time that was normally with friction