The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady decline, with China now commanding a larger share at 18.76%. This downward trend…
XRP’s World Bank recognition highlights its efficiency, speed, and low cost in cross-border transactions, elevating its role in global payments. XRP’s design as a bridge currency positions it as a strong alternative to traditional banking systems, potentially shaping future international payments. In line with the update on XRP’s new status, the World Bank has designated…
XRP is a prominent subject of discourse in global cross-border and payment solutions. The coin is linked to the Ripple Labs ecosystem, with a rich payment solution record. With its growing popularity, XRP is now linked with Tesla CEO Elon Musk, the International Monetary Fund (IMF), and the World Bank. As a result, there is…