- The World Bank believes that DLT solutions could also bring down compliance costs and improve the transparency and traceability of transfers.
- They also praised Ripple’s xRapid calling it a “real-world solution” that’s being “actively tested.”
The World Bank heaped praises on distributed ledgers, in particular, Ripple and called Ripple’s xRapid as “potentially transformational technology.” Marco Nicoli, the World Bank’s senior financial sector specialist, wrote a report saying: