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Jake Claver, CEO of Digital Ascension Group, has urged the crypto community not to underestimate the value of the $XRP Ledger (XRPL).
In his commentary, Claver argued that XRPL’s expanding payment infrastructure and growing developer activity could position it as a key pillar in the future of global value transfer.
Key Points
- Jake Claver urges investors not to underestimate the value of the $XRP Ledger due to its growing payment utility.
- The network powers international payment infrastructure, including Ripple Payments.
- Claver suggests that the expanding payment ecosystem is also attracting developers and new projects to build on the $XRP Ledger.
- Ripple Payments has processed over $100 billion in transactions across more than 60 markets.
XRPL-Powered Payments Expand Across Global Trade Corridors
In his tweet, Claver pointed to the growing reach of the $XRP Ledger. He claims the system now connects more than 80% of global trade corridors, enabling faster and more efficient international transactions.
His remarks highlight how the digital asset industry is gradually modernizing cross-border payments. Traditional international transfers pass through multiple intermediaries, often leading to slower settlement times and higher transaction costs.
However, blockchain-based infrastructure such as the $XRP Ledger aims to streamline this process. The network enables near-instant settlement and supports liquidity solutions like Ripple Payments. As a result, payment providers and financial institutions are increasingly exploring it as a more efficient alternative.
New Payment Projects Launching on XRPL
Notably, Claver’s comments come shortly after Vlightup Inc. announced the launch of a new global trade finance payment platform in Japan. The system runs on the $XRP Ledger and introduces multi-party smart escrow functionality to streamline trade finance transactions.
The platform aims to leverage the XRPL to address long-standing inefficiencies in traditional trade settlement processes.
As developers introduce new applications and financial tools, Claver believes the ecosystem could continue to expand, strengthening the ledger’s role in global finance.
With blockchain networks increasingly being integrated into payment infrastructure, he suggested that the future of global value transfer is becoming clearer, and that the XRPL could play a significant role in that shift.
Widespread Adoption of Ripple Payments
Meanwhile, Ripple has continued to highlight the capabilities of its payment infrastructure. Earlier this week, the company revealed that Ripple Payments provides businesses with a unified platform to move money globally across both fiat and stablecoin rails.
According to Ripple, the network has already processed more than $100 billion in payments across more than 60 markets while operating under more than 75 licenses. Notably, several corporate clients already use the XRPL-powered platform, including MassPay, AMINA Bank, and Banco Genial.