Why does McKinsey’s report (see URL) imply cross-border flow is in hundreds of trillions of $ ? What does cross-border flow mean in the report?

Reference: A vision for the future for cross-border payments. The cross border flow implies the cross-border payments that are made between two countries. The B2B (Business-to-Business) cross-border payments market is huge! No one has an exact estimate, but it is believed to be more than US$ 50 Trillion and probably closer to the US$ 100-125 […]

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Will Ripple dominate cross border payments transfer market worldwide?

Hard to say. At the time of writing this answer, Ripple (payment network) has about 200 or so banks signed up. A pretty small number, but much more than any other alternative provider out there, that just got started in the last few years. With over 15,000 banks microfinance banks, credits unions, community banks, etc., some put […]

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