TLDR
- Jake Claver urged the crypto community to recognize the growing value of the XRP Ledger.
- He linked the network’s expanding payment infrastructure to rising developer activity.
- He said the XRP Ledger connects more than 80 percent of global trade corridors.
- Ripple Payments has processed over 100 billion dollars across more than 60 markets.
- Ripple operates its payment services under more than 75 licenses worldwide.
Jake Claver, CEO of Digital Ascension Group, urged the crypto sector to recognize the value of the XRP Ledger (XRPL). He linked its expanding payment utility to rising developer engagement and infrastructure growth. He stated that the network continues to strengthen its role in global value transfer.
XRP Ledger Gains Attention for Expanding Payment Utility
Claver addressed the crypto community through social media and outlined his position on the XRP Ledger. He said, “The market should not underestimate the value of the XRP Ledger.” He connected his view to the network’s growing payment activity and infrastructure reach.
He explained that the XRP Ledger supports international transactions across major trade corridors. He claimed the system connects more than 80 percent of global trade corridors. He added that the infrastructure enables faster and more efficient cross-border payments.
Claver pointed to traditional transfer systems that rely on several intermediaries. He said these systems often create delays and raise transaction costs. He argued that blockchain-based networks offer a more direct settlement process.
He also referred to Ripple Payments as an example of this infrastructure in action. He said the platform runs on the XRP Ledger and supports liquidity management. He stressed that payment providers continue to adopt the system for global transfers.
Claver stated that payment expansion attracts developers to the network. He said new projects build tools and applications around the payment framework. He linked this growth to the ledger’s broader ecosystem development.
Ripple Payments Processes $100 Billion Across 60 Markets
Ripple disclosed new figures about its payment operations earlier this week. The company said Ripple Payments has processed more than $100 billion in transactions. It also confirmed activity across more than 60 markets.
The company stated that it operates under more than 75 licenses worldwide. It said businesses use the platform to move funds across fiat and stablecoin rails. It described the service as a unified global payment solution.
Several corporate clients use the XRPL-powered infrastructure for transactions. These clients include MassPay, AMINA Bank, and Banco Genial. Ripple listed these companies as active users of its payment network.
Claver referenced new developments in trade finance linked to the XRP Ledger. Vlightup Inc. launched a global trade finance payment platform in Japan. The company built the system on the XRP Ledger and introduced multi-party smart escrow functions.
The platform aims to improve efficiency in trade settlement processes. It uses blockchain-based tools to coordinate payments between multiple parties. The launch followed Claver’s public comments about the network’s expanding utility.
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