Ripple Labs has published a guide titled "Accelerating International Payments for IT Business", which delves into the integration of blockchain technologies in the IT field. The document highlights the key benefits of using blockchain-based payments through the Ripple Payments system.
According to Ripple's report, despite the projected growth of the IT industry to $1.5 trillion by 2024, the sector faces challenges in international payments. Ripple notes that many IT companies aiming for global expansion encounter obstacles due to reliance on traditional, slow, and expensive payment systems.
On January 3, 2024, Ripple introduced a publication aimed at raising awareness of blockchain technologies in the IT sector. It states that 97% of payment system executives believe that blockchain and digital assets will play a significant role in accelerating payment processes over the next three years.
Ripple emphasizes that its Ripple Payments system offers significantly faster transactions compared to traditional methods, reducing settlement time to 3-5 seconds. Additionally, the platform promises to redefine the approach to international transactions.
One of the key features of Ripple Payments, according to Ripple Labs, is the high level of transparency and security of transactions. The guide emphasizes that the Ripple Payments system surpasses traditional payment methods, which are often lengthy and costly.
