* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, July 28, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

    City of Pelham announces entertainment district plans for former Oak Mountain Amphitheatre site – WVTM

    Pelham Unveils Exciting New Entertainment District Plans for Former Oak Mountain Amphitheatre Site

    Black Box Players presents ‘The Three Musketeers’ – CBS 19 News

    Experience the Adventure: Black Box Players Bring ‘The Three Musketeers’ to Life!

    AP Entertainment SummaryBrief at 1:51 p.m. EDT – Channel 3000

    Entertainment Highlights: Key Updates You Can’t Miss

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Behind the Screens: The Impact of Technology on Real Estate – TRREB

    Behind the Screens: How Technology is Transforming the Future of Real Estate

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

    City of Pelham announces entertainment district plans for former Oak Mountain Amphitheatre site – WVTM

    Pelham Unveils Exciting New Entertainment District Plans for Former Oak Mountain Amphitheatre Site

    Black Box Players presents ‘The Three Musketeers’ – CBS 19 News

    Experience the Adventure: Black Box Players Bring ‘The Three Musketeers’ to Life!

    AP Entertainment SummaryBrief at 1:51 p.m. EDT – Channel 3000

    Entertainment Highlights: Key Updates You Can’t Miss

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Behind the Screens: The Impact of Technology on Real Estate – TRREB

    Behind the Screens: How Technology is Transforming the Future of Real Estate

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Deutsche Bank Report Highlights Ripple’s XRP Usage in Facilitating Cross-Border Payments

July 8, 2023
in Technology
Deutsche Bank Report Highlights Ripple’s XRP Usage in Facilitating Cross-Border Payments
Share on FacebookShare on Twitter

A five-year-old report from the leading German Deutsche Bank highlighting how Ripple uses XRP to facilitate cross-border payment has resurfaced. 

Head of social adoption for XRP Healthcare Edo Farina called attention to the report, underscoring Ripple’s commitment to promoting cross-border payment using blockchain technology.

CASH MANAGEMENT paper 📝 by Deutsche Bank and The Banker.

“Central Banks 🏦 are working on issuing stable coins, which is not issuing a pure-play cryptocurrency, but one that acts as a BRIDGE CURRENCY.”#XRP, #RIPPLE and XRapid mentioned nearly 20 times. pic.twitter.com/bgogwVcz9a

— EDO FARINA 🅧 XRP (@edward_farina) June 27, 2023

German Bank Recognizes Ripple’s Contribution to Facilitating Cross-border Payments 

The report, published in July 2018, elucidates Ripple’s strategic usage of XRP to promote efficient cross-border remittance.

It underscores the potential of blockchain technology to disrupt the traditional international payment landscape, using Ripple’s flagship product, RippleNet, as a case study.

At the time of Deutsche Bank’s report, Ripple’s forerunner product, RippleNet, encompassed three elements: xRapid, xVia, and xCurrent. 

The report, tagged “Cash Management: The game changers in payments,” expressly highlights xCurrent’s role in streamlining payment information and processing. 

It also underscored xRapid’s capability to provide liquidity for cross-border transactions using XRP as a bridge currency.

In addition, the report demonstrates Ripple Labs’ success in garnering more than a hundred financial institutions to its RippleNet network. For instance, SEB, a leading Swedish bank, leveraged RippleNet’s resources to facilitate over $1 billion in cross-border payments between the US and Sweden.

Furthermore, the Deutsche Bank report enunciated the fintech company’s innovative approach to solving liquidity problems in cross-border payment. While the current component simplifies payment processing, xRapid uses XRP to clinch swift liquidity provision. 

Also, a US-based non-bank financial institution, Cuallix, successfully deployed xRapid to accelerate remittance from the US to Mexico. 

The process involved converting USD to XRP through a crypto exchange which instantaneously converts the XRP to Mexican pesos.

This remarkable process considerably reduced the delay and cost of sending money internationally, making RippleNet an attractive remittance and cross-border payment solution.

The Deutsche Bank report circulated the Twitter space soon after the XRP recalled a similar article by the US Faster Payment Council. The article shared by an XRP community member @Rohitku24694375 on June 30 highlighted Ripple’s innovative cross-border payment solution.

The Potential of Blockchain Technology In Cross-border Payments

Furthermore, the Deutsche Bank report emphasized the potential of blockchain technology in reducing the inefficiencies in cross-border payment services. 

That particularly applies to underserved regions where receiving banks withdrew support for these payment services. Most of the time, traditional wire transfers may delay up to five days before reaching the beneficiary. 

It may cost the sender significant money as service charges to initiate the payment. According to the report, cryptocurrencies and distributed ledger technology like Ripple have made cross-border payment faster and cheaper.

Nonetheless, the report acknowledged the challenges of blockchain technology that needed solving before mainstream adoption. These roadblocks include instituting comprehensive industry-wide regulations and issues concerning scalability.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechReport – https://techreport.com/crypto-news/deutsche-bank-report-highlights-ripples-xrp-usage-in-facilitating-cross-border-payments/

Tags: DeutscheReporttechnology
Previous Post

If Ripple Loses XRP Holders Will Receive More Money from SEC Fund Than the Civil Case Against Ripple, Deaton Says

Next Post

Ethereum Co-founder Praises Ordinals for Reviving Builder Culture on Bitcoin Network

U.S. House Passes Florida Congressman’s Consumer Safety Technology Act – West Orlando News

U.S. House Passes Landmark Consumer Safety Technology Act Introduced by Florida Congressman

July 28, 2025
Knicks reserve guard could see increased role next season – Yahoo Sports

Knicks Reserve Guard Ready to Step Up and Shine in Upcoming Season

July 28, 2025
Coral reef ecology and restoration – Nature

Reviving Underwater Wonders: Exploring Coral Reef Ecology and Restoration

July 28, 2025
This summer has seen the shortest days in Earth’s recorded history – National Geographic

This Summer Brings the Shortest Days Ever Recorded on Earth

July 28, 2025
Open Science Trainings – NASA Science (.gov)

Unlock the Future of Discovery with NASA’s Open Science Trainings

July 28, 2025
Top doctor reveals the surprising lifestyle factor that has a huge impact on our immunity – it’s not food or drink – Daily Mail

Top Doctor Uncovers Unexpected Lifestyle Habit That Dramatically Boosts Your Immunity

July 28, 2025
Matcha: World’s thirst for the tea swallows global supplies – BBC

Matcha: World’s thirst for the tea swallows global supplies – BBC

July 28, 2025
IMF warns against Egypt’s military dominance over economy – Middle East Eye

IMF Sounds Alarm on Egypt’s Military Grip Over Economy

July 28, 2025
League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

July 28, 2025
How Might Federal Medicaid Cuts in the Enacted Reconciliation Package Affect Rural Areas? – KFF

What Do Federal Medicaid Cuts in the New Reconciliation Package Mean for Rural Communities?

July 28, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (742)
  • Economy (766)
  • Entertainment (21,646)
  • General (16,146)
  • Health (9,803)
  • Lifestyle (774)
  • News (22,149)
  • People (768)
  • Politics (775)
  • Science (15,980)
  • Sports (21,264)
  • Technology (15,747)
  • World (749)

Recent News

U.S. House Passes Florida Congressman’s Consumer Safety Technology Act – West Orlando News

U.S. House Passes Landmark Consumer Safety Technology Act Introduced by Florida Congressman

July 28, 2025
Knicks reserve guard could see increased role next season – Yahoo Sports

Knicks Reserve Guard Ready to Step Up and Shine in Upcoming Season

July 28, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version