Crypto researcher SMQKE has highlighted a document that showcases Ripple’s active collaboration with global banks, demonstrating its potential for transforming cross-border payments. The document explicitly states that Ripple conducted multiple pilot tests with internationally recognized financial institutions, aiming to evaluate the viability of their solutions in real-world settings. These pilots aimed to achieve cost reduction, expedited transaction processing, and improved reliability in international transfers, all while adhering to regulatory requirements. Furthermore, the document underscores Stellar’s contribution to Africa’s burgeoning mobile payment sector. Stellar is currently facilitating interoperability between various mobile money operators in Nigeria, Kenya, and Ghana. This approach aims to simplify transactions across different platforms and reduce fragmentation within these markets. Additionally, the document mentions Stellar’s role in enabling remittances from the Philippines. The overall focus of both projects is on enhancing cross-border payments by capitalizing on technological advancements in blockchain technology while addressing real-world needs.