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- Ripple ran multiple pilot tests with global banks to improve cross-border payments.
- Stellar enables mobile money interoperability in Nigeria, Kenya, and Ghana.
- Both networks highlight blockchain’s dual impact on institutional and consumer-level finance.
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Crypto researcher SMQKE has highlighted a document showing Ripple and Stellar making notable strides in cross-border payment innovation. The report, hosted on cgdev.org, confirms Ripple’s pilot collaborations with major banks and Stellar’s efforts to connect mobile money operators in Africa. This insight underscores the growing role of blockchain networks in reshaping global financial infrastructure.
Ripple Pilots with Global Banks
According to the document, Ripple has conducted multiple pilot tests with banks operating on a global scale. These pilots focused on evaluating Ripple’s potential to enhance cross-border transfers by reducing costs, increasing speed, and ensuring compliance with international regulations.
While the report notes that these initiatives were pilot programs rather than full-scale deployments, they confirm that Ripple directly engaged with major financial institutions to test real-world applications of its payment solutions. This positions Ripple as a strong player in the institutional blockchain payments space.
Stellar’s Mobile Money Interoperability in Africa
The same report highlights Stellar’s role in facilitating interoperability between mobile money operators in Nigeria, with expansion plans also noted for Kenya and Ghana. By linking different mobile wallets, Stellar aims to reduce fragmentation in financial services and enable seamless transactions across platforms.
The report also points out Stellar’s use in supporting remittances to the Philippines, illustrating its broader impact on emerging markets where wallet-based payments are dominant. This positions Stellar as a key innovator in consumer-level blockchain adoption in developing regions.
Also Read: Stellar (XLM) Price Prediction: September Could Drive a Rebound to $0.55 or a Fall to $0.32
Broader Implications for Blockchain Adoption
The document, covering the 2016–2017 period, positions Ripple and Stellar as complementary approaches to cross-border financial innovation. Ripple targets institutional banking networks, while Stellar addresses mobile-first financial connectivity in Africa and Asia. Together, these examples demonstrate blockchain’s versatility in improving payments infrastructure for both banks and everyday consumers worldwide.
As global interest in blockchain-based payments continues to grow, these documented use cases offer concrete evidence of early adoption and practical application, reinforcing the importance of both Ripple and Stellar in financial technology evolution.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
