During Ripple’s Swell conference, Ripple showed a report named ‘Blockchain in Payments’. The report discusses the critical mass adopting blockchain based payments for this year. Several organisations were anticipating this conference and more specifically integrating virtual assets into cross-border payments flows.
The Boston Consulting Group collected data which showed that the number of cross-border payments in the global markets was worth around $ 27 trillion. The data continued to show that this number could grow by another $ 20 trillion between this year and 2026.