Ripple:  While “excitement got ahead of reality on some of these things, the market isn’t going away. The opportunity isn’t going away,” – Brad Garlinghouse.

Ripple points to how small and medium-sized enterprises represent nearly 90% of businesses, but the traditional financial system isn’t meeting their needs.

Financial institutions can leverage blockchain and crypto to meet growing SME demand.

SMEs (Small and Medium-Size Enterprises) present a highly attractive, relatively under-serviced customer segment in cross-border payments, with over 70% stating that accepting new forms of digital payments is fundamental for growth in 2022.

Ripple’s SME whitepaper provides a clear and deeper understanding of how banks and financial institutions can leverage blockchain and crypto technology to meet growing SME demand for better financial services and to tap into the trillion-dollar market.

About RippleNet:  Through the use of blockchain and modern APIs, Ripple enables financial institutions who are part of the network—RippleNet—to send money globally, instantly, reliably and for fractions of a penny. Being part of RippleNet solves three key issues with payments:

1. Speed and certainty

2.  Liquidity management

3.  Transparency

With RippleNet, customers can quickly access new markets, expand their services and deliver the best customer experience in global payments today. With a single connection, customers can access the best blockchain technology for global payments, payout capabilities in over 40 currencies, On-Demand Liquidity as an alternative to pre-funding and operational consistency through a common rulebook.

On-Demand Liquidity enables RippleNet customers to leverage the digital asset XRP to bridge two currencies in three seconds, ensuring payments are quickly sent and received in local currency on either side of the transaction. XRP is ideally suited for global payments because it is quicker, less costly and more scalable than any other digital asset.

International payments, especially in emerging markets, require businesses to hold pre-funded accounts in destination currencies. It’s a costly endeavor that ties up resources. RippleNet provides an alternative. While any financial institution on the network enjoys reliable, instant and lower-cost transactions, those who use the digital asset XRP to source liquidity can do so in seconds—freeing up capital and guaranteeing the most competitive rates available today.

Ripple are continuing in their mission to proceed with building breakthrough crypto solutions for a world without economic borders.

Ripple are also doing more for CBDC to provide for a more financially inclusive future. Reportedly, about 40% of financial institutions feel CBDCs solve for efficiency in payments systems.