Ripple has recently released its ebook titled “2023 Trends in Regional Payments,” which sheds light on the profound impact of cryptocurrencies and Central Bank Digital Currencies (CBDCs) in the global payments landscape. Latin America is currently undergoing a digital revolution, as it gradually adopts crypto-driven solutions and CBDCs, despite facing resistance from established players in the industry. In Africa, the use of cryptocurrencies in payments has significantly improved accessibility and affordability, resulting in remittance payments reaching a staggering amount of over $100 billion last year. Europe, known for its technological advancements and digital-first approach, is leading the way in embracing CBDCs and facilitating seamless cross-border transactions. The report emphasizes the importance of businesses and institutions adapting to these changes and harnessing the potential of these innovative payment solutions.
