Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Blockchain
  • News
  • Ripple (XRP)

Ripple the Reference Point as Marcus Treacher Predicts Growth for Global Economy in 2020

Solomon Odunayo January 10, 2020 3 min read

In a recent release on Technative, Marcus Treacher, the SVP of Customer Success at Ripple, spoke expressly on how the global economy will experience further growth of micro and wallet payments in 2020, which he said will support immediate and low-value payment flows, using Ripple’s payment system as a reference point.

Recap of Marcus Treacher’s Portfolio

Marcus Treacher presently serves as the SVP of Customer Success at Ripple, the US-based blockchain tech. He has garnered over 30 years’ experience in transaction banking and payment technology.


trade now

He also served in global leadership roles at HSBC, coupled with a membership role at Global Board of SWIFT between 2010 and 2016, before he subsequently joined Ripple.

Marcus Treacher Predicts Growth for Global Economy in 2020 via Improved Payment System

Marcus Treacher asserted that payment providers and banks will keep offering faster cross-border payment services to their customers, which will grant them means of making transactions at a cheaper cost in 2020.

He said the demand for frictionless on-demand payments will grow among the customers in 2020. This he said will enable solutions such as distributed ledger technologies and Interledger to gain traction in the payment industry.

He predicted that many banks will adopt the newly invented technological products designed to foster payment system in order to revolutionize their cost-to-serve and cost-to-change. Absolutely, knowledge will keep advancing technologically and any business or bank that fails to get along would lag behind.

He said in 2020, new customer purchase solutions that do not require cards or card rails will emerge for tourists and travelers.

Marcus Treacher References Ripple’s Payment System

Marcus Treacher pointed out that systems like Ripple’s payment technology will play a big part in attaining the aforementioned heights globally, bolstering the global economy in the process.

He pointed to the services which Ripple uses for its customers on a daily basis, such as instant payment services across the border via mobile app. This is already serving as a solution as Siam Commercial Bank (SCB) recently affirmed, all thanks to Ripple’s payment technology.

Treacher also hinted that the global economy will see the continued growth of micro and wallet payments to enhance immediate and low-value payment flows.

He said payment system shift will occur. This implies that traditional and large-value batch flows will dwindle, while low-value and high-volume payments reign. This he said will help SMEs break into new markets faster.

He said the impact of Ripple’s enabled SMEs will serve as a game-changer in 2020. According to Treacher, Ripple’s service in the cross-border settlement will decrease costs-of-business and enable SMEs to free up precious capital for reinvestment, which is expected to increase the access to new markets for SMEs.

Conclusively, Treacher said there will be an enormous opportunity for blockchain to actively perform in 2020, getting Ripple to fill the gap of liquidity, transaction speed, and cost, as 2020 sees rise in demand for a reliable international remittance.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Zilliqa (ZIL) joins Incognito in Partnership to Enable Anonymity for Transactions
Next: LinkPool Updates Chainlink (LINK) Market with New Set of Features

Related Stories

India 2023 Budget Retains Strict Crypto Tax Rules
2 min read
  • Blockchain
  • Crypto Taxation
  • Crypto Trading
  • Cryptocurrency
  • India
  • News
  • Regulation

India 2023 Budget Retains Strict Crypto Tax Rules

February 2, 2023
Where Did Terra Developers Go After Network Collapsed?
2 min read
  • Blockchain
  • Cryptocurrency
  • News
  • Terra (LUNA)
  • Web3

Where Did Terra Developers Go After Network Collapsed?

February 2, 2023
Core Scientific Strikes $70M Loan Deal With B. Riley
3 min read
  • Bitcoin (BTC)
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • News

Core Scientific Strikes $70M Loan Deal With B. Riley

February 1, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,851.00
3.26%
ethereum
Ethereum (ETH)
$1,673.42
5.72%
tether
Tether (USDT)
$1.00
0.03%
binancecoin
BNB (BNB)
$330.44
7.11%
usd-coin
USD Coin (USDC)
$1.00
0.00%
ripple
XRP (XRP)
$0.415669
2.82%
binance-usd
Binance USD (BUSD)
$1.00
-0.04%
cardano
Cardano (ADA)
$0.407013
6.15%
dogecoin
Dogecoin (DOGE)
$0.094430
2.11%
polkadot
Polkadot (DOT)
$6.57
6.51%

Recent Posts

  • India 2023 Budget Retains Strict Crypto Tax Rules
  • Where Did Terra Developers Go After Network Collapsed?
  • Core Scientific Strikes $70M Loan Deal With B. Riley
  • BTC Miner Greenidge Reduces $72M Debt With NYDIG To $17M
  • South Korean Law Enforcement Investigates $8M Crypto Scam Targeting Investors
  • Floki Won’t Actually Burn $115M Worth of Tokens: Here’s Why
  • HSBC Reveals Crypto Industry Move with Job Openings
  • Binance Shuts Down Several Accounts Amid Bitzlato Investigation
  • ETH Added An Average Of Over 130,000 Addresses Daily In 2023
  • UK’s Charity Commission Probes Charity Organization Linked To FTX
  • Dogecoin Community Berates Mcdonald’s Over Reluctance To Announce DOGE Adoption
  • Philippines SEC Seeks More Power Over The Crypto Sector 
  • Web3-based Security Provider Hypernative Nets $9M in Seed Funding
  • SEC Kickstart Investigation Of Investment Advisers Over Digital Asset Custody
  • US Senator Cruz Wants Capitol Vending Machines To Accept BTC 

Categories

You may have missed

India 2023 Budget Retains Strict Crypto Tax Rules
2 min read
  • Blockchain
  • Crypto Taxation
  • Crypto Trading
  • Cryptocurrency
  • India
  • News
  • Regulation

India 2023 Budget Retains Strict Crypto Tax Rules

February 2, 2023
Where Did Terra Developers Go After Network Collapsed?
2 min read
  • Blockchain
  • Cryptocurrency
  • News
  • Terra (LUNA)
  • Web3

Where Did Terra Developers Go After Network Collapsed?

February 2, 2023
Core Scientific Strikes $70M Loan Deal With B. Riley
3 min read
  • Bitcoin (BTC)
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • News

Core Scientific Strikes $70M Loan Deal With B. Riley

February 1, 2023
BTC Miner Greenidge Reduces $72M Debt With NYDIG To $17M
2 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • News

BTC Miner Greenidge Reduces $72M Debt With NYDIG To $17M

February 1, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok