Ripple Executive Reveals Focus on Business Payments: Details

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 69 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Ripple CTO David Schwartz explains company's sharpened focus on business payments

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

Schwartz explained why, stating that due to resource constraints at the time, Ripple had to focus its efforts on what it thought it could do best: enterprise adoption of blockchain for payments. It's true. Back when we couldn't do everything we wanted to do, we focused on what we thought we could do best. We figured that enterprise adoption of blockchain for payments would not happen unless someone focused on it."Back when we couldn't do everything we wanted to do, we focused on what we thought we could do best.

The recent revelation by the Ripple CTO underscores a deliberate pivot toward optimizing business payment systems. This focus is not just about expanding Ripple's market share but also about enhancing the efficiency of corporate transactions globally.Ripple's decision to target business payments seems rooted in a clear understanding of the benefits blockchain technology can bring to the sector.

Ripple and the US Faster Payments Council collaborated on a global survey in 2023 that explored the current and futureThe survey proved that leaders were bullish on blockchain and cryptocurrency technology for faster payments, and believed in the potential of blockchain payment processing. Respondents also expressed strong preferences for cross-border payment use cases that reduce friction, risk and costs.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 295. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين