A recent post by crypto researcher SMQKE highlighted that Ripple already covers 90% of the world's global networks. This information was presented in a video outlining Ripple's successes with XRP in institutional adoption and regulatory compliance.
Ripple's Role in Global Networks
According to the information provided, Ripple covers 90% of global banking networks, opening new opportunities for mass XRP adoption. The speaker noted that when partnered banks increase multi-corridor transactional volumes, additional banks will find it easier to integrate into the network.
Regulatory Support and Technological Integration
Ripple benefits from significant regulatory support as XRP was conceived from the outset as a currency for transactions. The speaker emphasized that this structure makes XRP more favorable for regulators and financial institutions. Current efforts to drive XRP adoption are focused on strengthening collaboration with already associated banks.
Successful Liquidity Pilot Demonstration
Ripple recently conducted a liquidity pilot with a company called Qualex in the US, involving transfers from the US to Mexico. This pilot showed that the speed of XRP payment processing exceeded traditional banks' capabilities, as involved banks requested to slow down the processing speeds due to high efficiency.
Ripple demonstrates significant progress in regulatory support and global integration of its technology, which may open new horizons for mass XRP adoption in international payments.
