XRP News Today: Visa Evaluates Ripple Technologies for Digital Currency Settlement Platform

Visa's potential engagement with Ripple’s XRP and related technologies has come to light through a newly shared document, sparking renewed interest in the cryptocurrency’s role in global payments infrastructure. The document, disseminated by crypto researcher SMQKE, reveals that Visa has been evaluating RippleNet and the Interledger Protocol (ILP) as potential frameworks for its Digital Currency Settlement Platform [1]. These technologies are described as mechanisms that could enable seamless interoperability between different types of digital assets, including public blockchains and central bank digital currencies (CBDCs).

The analysis indicates that Visa envisions a settlement platform that functions as an interoperability layer, bridging legacy financial systems with emerging digital currencies. The Universal Payments Channel (UPC) was also mentioned as a potential model, suggesting that Visa is considering multiple approaches to facilitate cross-border transactions without the need for participants to adopt the same underlying technology [1]. RippleNet, known for its fast and cost-effective cross-border payment solutions, is positioned alongside these innovations as a viable option for routing value across different ledgers.

In addition to its infrastructure exploration, the document highlights an existing partnership between Visa and Coinbase, where the latter was granted principal membership status to issue Visa debit cards. These cards allow Coinbase users to spend their holdings of bitcoin, ether, and XRP at any merchant that accepts Visa, effectively removing intermediaries in the conversion process from crypto to fiat [1]. This development marks a significant step for XRP, which has long been positioned as a bridge between traditional and digital financial systems.

The growing institutional recognition of XRP’s utility in cross-border transactions is further reinforced by Ripple’s ongoing engagement with regulatory bodies and financial institutions. Ripple’s Chief Legal Officer recently addressed the U.S. Senate Banking Committee, outlining the company’s efforts to secure regulatory clarity and demonstrate the real-world applications of XRP in financial infrastructure [2]. This aligns with Ripple’s broader strategy of promoting digital asset infrastructure and tokenization, as detailed in a recent report co-authored with CB Insights [3].

While the document does not confirm any formal partnership or timeline for implementation, it suggests that Visa is actively considering Ripple’s infrastructure as a potential solution for its digital currency initiatives. This is a notable development, given that major financial institutions have historically been cautious about integrating cryptocurrency-based systems into their operations. The document implies that both Visa and Ripple share a vision for a more interconnected global payments landscape, where cross-border transactions can be conducted with greater speed and efficiency [1].

The timing of this revelation is particularly significant, as Ripple remains engaged in its legal dispute with the U.S. Securities and Exchange Commission (SEC). The renewed focus on XRP’s potential in institutional finance could serve as a strategic advantage, offering further evidence of the cryptocurrency’s utility and real-world adoption [4]. Until formal collaborations are announced, however, the document remains an indication of possible future developments rather than a confirmation of active integration.

The implications of this emerging alignment between Visa and Ripple’s technology suggest that XRP may continue to gain traction in regulated environments. As digital assets become increasingly integrated into mainstream financial systems, the role of interoperability platforms like RippleNet and the Interledger Protocol may become more critical in facilitating seamless value transfers. This growing recognition could ultimately influence regulatory perceptions and market adoption, further shaping the trajectory of XRP in the broader payments ecosystem [2][4].

Source:

[1] Link Between XRP and Visa Revealed In New Document (https://timestabloid.com/link-between-xrp-and-visa-revealed-in-new-document/)

[2] XRP Army Rejoices As Ripple CLO Responds to U.S. Senate Banking Committee (https://timestabloid.com/xrp-army-rejoices-as-ripple-clo-responds-to-u-s-senate-banking-committee/)

[3] A new report by Ripple and CB Insights reveals how banks are reshaping financial markets through digital asset infrastructure, tokenization and crypto (https://www.facebook.com/groups/965332910900317/posts/1983627859070812/)

[4] Ripple vs SEC Lawsuit Update: Why Is It Taking So Long to ... (https://www.bitget.com/news/detail/12560604895688)