Menu

Search

Menu

Search

Accenture's Global Payment Managing Director Looks Optimistic on Ripple's Overseas Transaction Services

Accenture’s Global Payments head, Gareth Wilson, orated about the future prospects that the payments industry could foresee in 2019, as per Accenture’s banking blog, dated February 18, 2019.

Wilson mentioned that he anticipated users to soon “see cash management products” that will “use Bitcoin and Ethereum”.

He further stated that “Ripple’s network for cross-border transactions will continue to grow significantly, attracting more banks and corporates, leading to rising transaction volumes.”

Ripple has steadily been building itself a niche in the world of interbank payments, says CNBC.

The Ripple company's ability to send cross-border payments quickly and efficiently is seen as a plus, but banks using the existing Society of Worldwide Interbank Financial Telecommunications (SWIFT) system are not likely to give up their dominance in the field quickly.

Ripple has been assiduously striving with the domestic and central banks around the world to improve payments to the general public, as well as the corporate sector. Ripple intends to generate and develop a network of banking ecosystem on the RippleNet that use Ripple’s blockchain technology, like xRapid, xVia, and xCurrent.

While anticipating the trends through this year, Wilson perceived the cryptocurrencies gaining traction, apart from the Open Banking trend gaining more ground in the Middle East, Asia, and Europe.

XRPUSD has been trading at 0.31583 levels (at Kraken) with intensified bearish momentum.

Currency Strength Index: FxWirePro's hourly BTC is at -130 (highly bearish), hourly USD spot index is inching towards -55 levels (which is bearish) while articulating (at 06:21 GMT).

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

April 25 21:00 UTC Released

KRConsumer Sentiment Ind

Actual

101.6 Bln USD

Forecast

Previous

99.8 Bln USD

April 25 15:00 UTC Released

USKC Fed Composite Index

Actual

5 Bln USD

Forecast

Previous

10 Bln USD

January 31 00:00 UTC 647921647921m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 647921647921m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 659741659741m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 647921647921m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 659741659741m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 647921647921m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 647921647921m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 647921647921m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.