Recent UN-led research has highlighted Ripple as a significant element in developing an environmentally sustainable and inclusive financial system.
UN Research and Ripple
The excerpt noted that “Ripple protocol contains main trends that are relevant for designing a Green and inclusive financial system.” Ripple President Monica Long stated that XRP is 120,000 times more energy efficient than Bitcoin due to its consensus mechanism. The research also emphasized Ripple's importance in defining virtual currencies, distinguishing between convertible and non-convertible types, as well as centralized and decentralized systems.
Bridging Traditional and Digital Finance
The document argues that Ripple supports existing financial institutions by allowing them to integrate digital solutions without displacement. This fosters XRP adoption and increases its demand as a bridge currency. The integration between traditional and digital financial systems helps both institutions and consumers gain benefits.
Shifts in Global Payments
The research positions Ripple within the context of future financial design. It highlights that XRP-powered technology serves as a more efficient alternative to SWIFT and Bitcoin, and notes its potential for use by financial institutions.
Ripple's recognition in UN-linked research underscores its significance not just as a cryptocurrency, but as a contributor to sustainable and inclusive development in the financial sector.
