Ripple’s cross-border business is gaining more traction in the global payment industry. Its blockchain-based, low-cost, and split-second transactional acumen has been touted as crucial to meeting the payment needs of the G20, a conglomerate of the top 19 economies in the world, including the European Union and the African Union.

The 2025 edition of the confidential report from the US Faster Payments Council (FPC), mentioned by SMQKE, identified the G20’s 2027 and 2030 cross-border payment targets and how the US domestic payments providers can support these initiatives

Interestingly, the US FPC has highlighted some roles that US domestic payment providers could play in supporting the G20’s vision. It encouraged ISO 20022 compliance among American payment firms, interoperability, distributed ledger technology (DLT) adoption to improve cost, and inter-industry collaboration.

Specifically, the industry-led membership organization identified Ripple’s RippleNet and Stellar as prominent financial technology firms with which close collaboration could improve the global cross-border payment landscape.#RippleUpdate