XRP News Today: Ripple Collaborates With Fed to Modernize Domestic Payment Systems

Ripple has been confirmed to have collaborated with the Federal Reserve to modernize domestic payment systems, according to a newly disclosed document. The document reveals that by 2015, Ripple had already engaged with several central banks and monetary authorities to explore the potential of its blockchain-based payment solutions. This collaboration appears to have laid the groundwork for the development of faster and more efficient domestic payment infrastructure. Additionally, a recent X post by Zack Ractor confirmed that the collaboration between Ripple and the Fed was indeed documented and ongoing [2].

The collaboration involved other central banks, including the Bank of England and the Saudi Arabian Monetary Authority, as they explored Ripple’s technology to modernize their payment systems. Ripple’s engagement extended to global financial conferences such as SWIFT’s SIBOS and Money2020, where the company’s executives participated alongside key industry figures. During this period, Ripple also secured $93.6 million in venture capital funding, with one round led by Santander InnoVentures. Later, Banco Santander adopted Ripple’s technology for retail cross-border payments, further solidifying Ripple’s position in the blockchain payments space.

In 2017, Ripple hosted its annual SWELL conference, featuring high-profile speakers such as former Federal Reserve Chair Ben Bernanke and former U.S. President Bill Clinton. This event underscored Ripple’s growing influence in both financial and policy circles. The document also notes that the rise in XRP’s price during late 2017 contributed to increased institutional interest in Ripple’s technology. An unnamed source cited in the document stated that Ripple’s valuation at that time exceeded that of nearly every global bank, with the exception of about twenty. This surge in XRP’s market value coincided with broader industry awareness and likely played a role in enabling Ripple to establish or expand its partnerships with central banks and other financial authorities.

The recent regulatory developments in the United States further contextualize Ripple’s growing relevance. President Donald Trump signed the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), a legislative effort aimed at regulating dollar-backed stablecoins. The law defines the obligations of stablecoin issuers and clarifies that such instruments are not classified as securities or commodities under U.S. law. It also mandates that all payment stablecoin issuers maintain one-to-one reserve backing and adhere to strict disclosure and reporting requirements. This regulatory shift reflects a broader push to create a structured governance model for digital assets while fostering innovation.

The implications of these developments are being felt in Asian markets, where there is increased urgency to update stablecoin regulations in response to the U.S. dollar’s reinforced position in the crypto ecosystem. Additionally, a recent surge in XRP inflow to Coinbase has underscored the continued relevance of XRP in the broader crypto market. However, the long-term impact of Ripple’s collaborations and the GENIUS Act will depend on how these initiatives are implemented and adopted by market participants.

From an analytical standpoint, the collaboration between Ripple and the Federal Reserve suggests that traditional financial institutions are increasingly open to integrating blockchain technologies to enhance payment efficiency and reduce transaction costs. The GENIUS Act signals a regulatory environment that is beginning to provide clearer guidelines for digital assets, which may encourage further innovation in the sector. However, the success of these efforts will hinge on the effectiveness of regulatory implementation and the adaptability of financial institutions to new technological paradigms.

References:

[1] title: Ripple Collaborated with Fed to Update Domestic Payments, url: https://timestabloid.com/new-document-ripple-collaborated-with-fed-to-update-domestic-payments/

[2] title: Zack Ractor (@ZackRa_ctor7) / X, url: https://x.com/ZackRa_ctor7

[3] title: Payment Stablecoins Get "Smart" (or GENIUS-like), url: https://natlawreview.com/article/payment-stablecoins-get-smart-or-genius

[4] title: Trump momentum drives stablecoin urgency in Asian financial hubs, url: https://m.economictimes.com/markets/cryptocurrency/trump-momentum-drives-stablecoin-urgency-in-asian-financial-hubs/articleshow/123058251.cms

[5] title: Coinbase Supply Boosted by 33346925 XRP Inflow: Details, url: https://u.today/coinbase-supply-boosted-by-33346925-xrp-inflow-details