Ripple’s recently published 2023 Trends in Regional Payments ebook highlights the transformative role of cryptocurrencies and Central Bank Digital Currencies (CBDCs) in the global payments landscape. Latin America is witnessing a digital transformation with a shift towards crypto-powered solutions and CBDCs, despite resistance from sector incumbents. In Africa, crypto-enabled payments are enhancing accessibility and affordability, with remittance payments surging to over $100 billion last year. Europe’s technological lead and digital-first approach are driving the embrace of CBDCs and enabling easy cross-border payments. The report underscores the need for businesses and institutions to adapt to these changes and harness the power of these innovative payment solutions.
Ripple Report: Crypto and CBDCs Transforming Global Payments
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