Ripple Very Close To Overtaking Visa, Processed $13T in Payments Last Year
8d ago•
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- Ripple processed more than $13 trillion worth of payments last year.
- Brad Garlinghouse, the CEO of Ripple, made the claim during the Consensus conference by Coindesk.
- The payments were processed on the Ripple Net ecosystem, which contains XRP, RLUSD, the XRP Ledger, Ripple ODL, and a few minor products by Ripple.
- In comparison, Visa processed $16 trillion worth of payments last year.
- Blockchain-based payment settlements are preferred over traditional fiat-based settlements because blockchain payments are faster, cheaper, and more efficient than traditional channels.
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8d ago•
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