Ripple has made significant progress in expanding its global payments network with XRP. According to a recent panel discussion at Crypto Valley in Zurich, European banks are embracing crypto solutions, allowing their customers to buy, sell, and manage digital assets. This shift is attributed to the EU's MiCA regulation, which provides a clearer framework for financial institutions to adopt digital payments.
Ripple has witnessed a substantial increase in liquidity over the past few years, enabling true 24/7 settlement capabilities. The company's approach addresses the inefficiencies of traditional cross-border payments, which were not designed for real-time transactions. Ripple views blockchain and crypto as complementary to traditional financial rails rather than alternatives.