PwC calls Ripple ‘crucial infrastructure’ for banks and fintechs

Ripple is getting a big boost. In a new report, PwC calls the blockchain network an essential link in the modern financial system. This increases confidence in XRP, not as a currency, but as a technology that helps banks work faster and cheaper.

Ripple is gaining recognition as the backbone of payments

Ripple (XRP) has been a regular player in the world of crypto for years. But now it is also receiving recognition from an unexpected source: global accounting firm PwC calls Ripple “an important financial infrastructure” in a new report. According to the authors, the network is ideal for banks and fintechs that want to make international payments faster and more efficiently.

Traditional cross-border transactions are often slow, expensive and cumbersome. RippleNet solves that. The network allows institutions to transfer money to the other side of the world in seconds, with minimal costs. PwC sees this as more than a gimmick: it gives XRP a tangible function that goes beyond speculation.

Banks embrace blockchain and Ripple benefits

What makes the report extra interesting is the timing. PwC itself is expanding its crypto services, now that American rules are slowly but surely becoming clearer. Banks want to work with blockchain, but are looking for reliable, scalable and legally approved solutions. Ripple meets all those requirements, says PwC.

According to the report, Ripple can integrate smoothly with existing banking infrastructure. That makes it attractive for institutions that want to modernize their processes without overhauling their entire system.

Analyst: ‘PwC’s support is worth gold for Ripple’

This recognition does not go unnoticed in the crypto world either. Well-known analyst SMQKE calls PwC’s report a “breakthrough moment” for Ripple. He expects it to increase the confidence of major parties and accelerate adoption.

“This is exactly what banks need,” he says. “A reliable bridge between the old world of finance and the new world of blockchain.”

It fits in with a broader trend: more and more large institutions no longer see blockchain as a hype or experiment, but as a necessary infrastructure. Ripple is now firmly on the map.