Ripple Patents Instant Cross-Border Payments as Futures Open Interest Hits $8.8B

Description

Ripple Intends to Redefine International Transactions Filed under U.S. Patent No. 11,998,003, the newly granted patent details a real-time payment solution that bypasses the traditional need for consensus from the entire network before finalizing a transaction. Instead, the system leverages trusted nodes and pre-established relationships to verify and complete transactions almost instantaneously. This approach drastically reduces settlement time, lowers costs, and increases the scalability of Ri...