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Banks Preparing to Switch From USD to XRP — Cutting $120B in Annual Cross-Border Payment Costs
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Banks Preparing to Switch From USD to XRP — Cutting $120B in Annual Cross-Border Payment Costs

Global banks are quietly laying the groundwork to move away from USD reliance and toward the XRP Ledger as a settlement backbone. According to McKinsey, cross-border payments cost the global economy over $120 billion annually in fees and inefficiencies. By adopting XRP, banks could cut settlement times from 2–3 days to just seconds and reduce transaction costs by more than 90%.

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