Ripple's Instant Payment Network XRP Offers Faster, Cheaper Alternative as FedNow and Other Efforts Lag
• America's instant payment systems lag behind other countries, causing issues for consumers • FedNow aims to enable around-the-clock funds availability but faces slow adoption • Ripple's XRP offers rapid, low-cost cross-border transactions as an alternative • XRP could help community banks and customers with efficient transfers and payroll • Regulatory clarity and industry acceptance are key for widespread XRP adoption