XRP Lauded by WTO as it Believes Cryptocurrencies can Transform Global Commerce
Tuesday, October 9, 2018 IST
While the regulatory hurdles will take some time to clear the way for cryptocurrencies, many global organizations have been found positively commenting on cryptocurrencies and their impact. The latest entrant to this list is World Trade Organisation (WTO) which has lauded XRP and has also highlighted Bitcoin, Ethereum and IOTA believing that these would impact the future of world trade
Ripple could transform global commerce- WTO
The WTO is all pleased with the work that Ripple and XRP are doing in the field of cross-border payments and believes it could have a dramatic and disruptive impact on the world’s financial system. According to the recent report released by WTO, which is called “The Future Of World Trade: How Digital Technologies Are Transforming Global Commerce”, states that
“Blockchain has the potential to profoundly transform the way we trade, who trades and what is traded.” It continues to say that “Blockchain is helping smaller businesses to start trading by supporting them in building trust with partners around the world.”
The report separately mentions Ripple as a company that could radically transform how financial institutions move money and how it would beneficial for foreign trade. According to the report,
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