International Group of Finance Leaders says "Ripple’s XRP Network Leapfrogs Legacy Banking Systems"

An independent body of global finance leaders says Ripple’s XRP-powered cross-border payment platform “leapfrogs” the efficiency of traditional remittance methods.

The Group of 30 published the report, calling on central banks and financial authorities around the world to be proactive in terms of regulating digital assets.

G30 experts discuss the theoretical possibility of a “systemic hegemonic currency,” which some academics have posited could possibly reduce “spillover shocks” that come with the US dollar acting as a reserve currency. The systemic currency could come in the form of a stablecoin pegged to the deposits of different central banks around the world.

The experts say the theoretical currency could offer benefits similar to what XRP already does.

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