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The Federal Reserve has tapped up McKinsey & Company to bolster the efforts of its newly-launched Faster Payments Task Force…Next, the Task Force requested proposals for ways to fulfill the criteria, each of which being assessed by McKinsey.
Ripple Stands Out for Speed and Transparency of Payments

The Task Force received 22 proposals, 16 of which completed the process, including Ripple.

Ripple put forth the Interledger-based solution that enables improved messaging and tracking for real-time payments – standing out as the only proposal focused on solving today’s friction with cross-border payments.

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