Marcus Treacher, SVP of Customer Success at Ripple shared his predictions for the Fintech Industry for 2020.
Here are the highlights. You can find the link to the full article at the end of this post.
- International payments will continue to get faster and smaller.
- More banks will use banking-as-a-service tech platforms to revolutionise their cost-to-serve and cost-to-change.
- 2020 will see new consumer purchase solutions emerge for tourists/travellers that don’t require cards or card rails.
- The global economy will see continued growth of micro and wallet payments to support immediate, low-value payment flows.
- The shift from traditional, large-value batch flows to low-value, high-volume payments will help SMEs break into new markets much faster.
- Outpacing of OECD economies by Asian economies in payments innovation will continue through 2020.
Underlying all of these predictions are, of course, the adoption of XRP.
I will look into some of the Investments made by XRP through it's XSpring initiative in a later article. It will be more obvious that these predictions are not spur of the moment as you can see by the Investments they've made last year that they were investing with these in mind.
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