This article was first published on: Insights – Ripple --

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Today, after two years of work, the Federal Reserve released its Faster Payments Task Force’s action plan for bringing faster payments to the United States, highlighting Ripple’s ability to underpin the next generation of cross-border payments.

Set up in 2015 after the Fed recognized the need to spur improvements in payments, the Task Force brought together a diverse group of 320 stakeholders – including banks, regulators, end users and technology companies – to create a roadmap for modernizing the U.S. payments infrastructure.

Ripple played a leading role in establishing this future vision for payments. Early in the process, I was elected to serve on the Steering Committee to represent tech companies and provide expertise on emerging technology and blockchain.

One of the Task Force’s first achievements was to establish a set of effective criteria for faster...

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