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A recent Ripple report highlights the growing penetration of crypto in the cross-border payments scene, which is expected to hit $250 trillion by 2027. 
A recent report from Ripple spotlights the growing prominence of crypto and blockchain-based solutions in the cross-border payment industry, projected to hit a value of $250 trillion by 2027. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 A huge shift in finance is underway. More than 80% of global finance leaders expect to begin using crypto in their business in the next three years. 
 <a href="https://t.co/qQSHctnKW2" rel="noopener noreferrer nofollow">https://t.co/qQSHctnKW2</a> 
 <a href="https://twitter.com/Ripple/status/1681447380225236993?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 18, 2023</a> 
</blockquote> 
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Per the&nbsp; <a class="editor-rtfLink" href="https://ripple.com/insights/how-finance-leaders-believe-crypto-is-reshaping-payments/?utm_campaign=&amp;utm_medium=organic_social&amp;utm_source=twitter" target="_blank" rel="noopener noreferrer nofollow">report </a>, the current global payment system faces significant shortcomings. Traditional payment methods are outdated, resulting in lengthy settlement times. These drawbacks can cause delays and frustration for businesses and individuals alike. 
In contrast, blockchain and digital asset technologies offer a seamless global infrastructure that enables instant payments with lower fees. As a result, they are gaining traction as a viable alternative to traditional methods. 
<h2 id="span-data-preserver-spaces-true-advent-and-limitations-of-digital-banking-span">Advent and Limitations of Digital Banking </h2> 
The rise of digital banking has empowered individuals and businesses, providing convenient access to financial services. By 2025, more than 65% of the US population is projected to utilize mobile banking.&nbsp; ... 
<a href="https://thecryptobasic.com/2023/07/19/ripple-projects-cross-border-payments-to-hit-250t-by-2027-highlights-crypto-penetration/" rel="noopener noreferrer nofollow">Read more</a>

Ripple Projects Cross-Border Payments to Hit $250T by 2027, Highlights Crypto Penetration

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