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<p>The post <a rel="nofollow" href="https://coinpedia.org/news/xrps-vision-for-the-future-to-revolutionize-international-payment-with-293m-transactions-daily/">Could Ripple’s XRP be the Future of Global Payments? Experts Debate</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>XRP enthusiast Alex Cobb has shared some fascinating insights into how XRP could make a big difference in international money transfers – giving a more significant threat to the traditional money transfer system. Just for a teaser, Cobb mentioned that <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a> can handle 293 million transactions daily! Crazy, right?</p> 
<p>Let’s dive in to discover what else Cobb had to say.</p> 
<h2 class="wp-block-heading" id="h-alex-cobb-reveals-xrp-s-lightning-fast-transactions-with-293-million-a-day"><strong>Alex Cobb Reveals XRP’s Lightning-Fast Transactions with 293 Million a Day</strong></h2> 
<p>In a recent tweet, XRP advocate Alex Cobb shared some remarkable insights into the capabilities of the <a href="https://coinpedia.org/news/ripple-news-xrp-shatters-traditional-transaction-fee-norms-outperforming-btc-eth-ada-and-matic/">XRP Ledger (XRPL)</a> blockchain. </p> 
<p>Breaking these numbers down, XRP boasts an impressive capability of handling 3,400 transactions every second. To put this into perspective, it translates to 204,000 transactions per minute, 12.24 million transactions per hour, and a staggering 293 million transactions on a daily basis.</p> 
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   <p lang="en" dir="ltr">XRP can handle 3,400 Transactions per second<br><br>That's:<br>204,000 per minute<br>12.24 Million per hour<br>293 Million per day <br><br>XRP is truly designed to be a global utility asset for banks all around the<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30e.png" alt="🌎" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>— Alex Cobb (@AlexCobb_) <a href="https://twitter.com/AlexCobb_/status/1709033237907906628?ref_src=twsrc%5Etfw">October 3, 2023</a>
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<p>These numbers highlight XRP’s potential to revolutionize the world of global payments.</p> 
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 <p><em>“XRP is designed to be a helpful tool for banks,”</em> added Cobb.</p> 
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<p>Also Read: <a href="https://coinpedia.org/news/ripple-vs-sec-top-researcher-explains-the-real-reason-why-the-sec-is-investigating-xrp/">Why Did the SEC Pick On Ripple? Top Researcher Finally Reveals the Reason</a></p> 
<h2 class="wp-block-heading" id="not-everyone-is-on-board">Not Everyone Is On Board!</h2> 
<p>However, not everyone shares Cobb’s optimism. Daniel Keller, an XRPL ambassador and the Chief Technology Officer at Eminence, has raised valid concerns. </p> 
<p>Keller clarified that the 3,400 transactions per second figure represents more of a theoretical maximum achievable under ideal laboratory conditions. In the real world, with its imperfections, XRP may not consistently perform at that level.</p> 
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   <p lang="en" dir="ltr">Depending on who you ask, 500 to 700 based on the experience and data we have so far.</p>— Daniel 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1ee-1f1f2.png" alt="🇮🇲" class="wp-smiley" style="height: 1em; max-height: 1em;">
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa9d.png" alt="🪝" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@daniel_wwf) <a href="https://twitter.com/daniel_wwf/status/1709037669160743065?ref_src=twsrc%5Etfw">October 3, 2023</a>
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<p>When asked about the typical speed of XRP transactions in real life, Keller said, based on his experience and data, it usually falls between 500 and 700 transactions per second.</p> 
<p><strong>Schwartz Chimes In</strong></p> 
<p>It’s also key to note that Ripple’s CTO <a href="https://coinpedia.org/news/ripple-cto-david-schwartzs-fathers-multi-million-dollar-bet-on-xrp/">David Schwartz</a> recently confirmed this view, with the XRP blockchain’s capability increasing from 1,500 to 3,400 transactions per second.</p> 
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   <p lang="en" dir="ltr">…<br>3. We've never seen 1,500 TPS on the live XRPL. I suspect it could, as currently configured, probably sustain about 300-500.<br>4. While someone could create a basket containing XRP, the only current reason to do so I can think of is as for cryptocurrency index exposure. …</p>— David "JoelKatz" Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/1646649714417487872?ref_src=twsrc%5Etfw">April 13, 2023</a>
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<p>Read More: <a href="https://coinpedia.org/news/ripple-ipo-valuation-predicted-to-skyrocket-20x-to-600-will-xrp-price-hit-new-ath/">Ripple IPO Valuation Predicted to Skyrocket 20x: XRP to the Moon?</a></p>

Could Ripple’s XRP be the Future of Global Payments? Experts Debate

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