From a decade of foresight to reality: How does Ripple redefine global payment settlement?

【Crypto World】A research report from ten years ago has recently gained renewed attention. At that time, it was discovered that decentralized networks like Ripple have enormous potential to revolutionize interbank payment settlements.

Using Germany’s Fidor Bank as a case study, the report pointed out the key advantage—Ripple’s protocol allows banks to connect directly, enabling settlement in seconds. No longer needing to go through multiple intermediary institutions, the payment process is greatly simplified. What does this mean for the global daily transfer of trillions of dollars? Efficiency skyrockets, and costs are reduced.

Even more interesting is that XRP, as the native token of the Ripple network, acts as a digital bridge. Need to conduct cross-border transactions? XRP can provide a fast, low-cost exchange channel. Institutions don’t need to pre-stockpile various fiat reserves; they can complete instant value transfers through XRP. From the perspective of financial infrastructure, this logic was well understood ten years ago. To this day, this judgment still warrants careful consideration.