Harvard Researcher Supports Ripple’s Payment System

January 7, 2023 12:15 pm Comments

A new academic report from Harvard researcher Jayesh Mehta concluded “due to its Protocol Consensus Algorithm, XRP is superfast and is more amenable to transfer payments than Bitcoin”.

Mehta would go on to note that XRP has become the preferred choice for international businesses all across the globe.

The report would also explain the importance of blockchain networks and Ai Machine Learning.

The research by Mehta was part of his presentation titled “The Road to U.S. Digital DollarAn Integrated Cross Border Payment Solution.”

Crypto News Flash dropped these details:

Although the U.S. Securities and Exchange Commission (SEC) is engaged in a major battle with Ripple, other market players continue to see major value in this blockchain network. Harvard University recently published a report on the pathway for US Digital Dollar.

In the report, the author Jayesh Mehta mentions that blockchain technology has become mature enough to handle FIAT currency in the digital format. Interestingly, the report also mentions that blockchain networks like Ripple and Stellar Lumens have seen growing acceptance while becoming the preferred choice for international businesses.

Besides, the report also goes on to explain how these two blockchain platforms can facilitate instant CBDC settlements worldwide while leveraging the power of AI and Machine Learning. This process also involves an ML-controlled FX interface. The author explains the entire seven-step automated process for the immutable fund transfer chain.

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