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Federal Reserve Chairman CONFIRMS U.S. FEDNOW on Ripple XRP!

#Cryptocurrency
2025-10-21 18:0010 min read

Content Introduction
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In this video, the presenter discusses the significant investments by the US Federal Reserve in building a new settlement system for instant payments, the first major upgrade since the 1970s. The potential role of cryptocurrencies and stablecoins, particularly Ripple (XRP), in the new payment infrastructure is explored. The video outlines the evolving landscape of real-time payments and highlights the connections between the Federal Reserve and Ripple, indicating that XRP technology may be utilized for facilitating transactions within the Fed's payment systems. Additionally, partnerships with fintech companies like Finastra and Volante, which are also leveraging XRP, are mentioned, further emphasizing the integration of digital assets in traditional banking. The presenter expresses excitement over recent developments in the crypto space, urging viewers who hold XRP to engage with the content.

Key Information

  • The Federal Reserve is investing heavily in developing a new instant payments settlement system in the US.
  • This is the first major expansion of the Fed's core payment system since the 1970s, aiming to provide immediate access to financial institutions.
  • There are rapid changes occurring in the global monetary system that may influence the role of the US dollar in the future.
  • Most major economies are developing 24/7 instant payment systems, indicating a shift in payment methodologies.
  • The Federal Reserve is exploring the integration of cryptocurrencies and stablecoins, potentially including the use of a US central bank digital currency (CBDC).
  • Both Ripple and Metallicus, as part of the Federal Reserve's Faster Payments Council, are being examined for their blockchain technologies in this development.
  • There are reported connections between the Federal Reserve and Ripple, particularly in leveraging Ripple's technology for processing transactions.
  • Ripple has expressed interest in collaborating with the Federal Reserve on payment systems, further indicating a collaboration in digital asset technologies.
  • The Bank Exchange (BXE) is highlighted as a leading decentralized project built on the XRP ledger, facilitating transactions within the cryptocurrency ecosystem.

Timeline Analysis

Content Keywords

Instant Payments

The video discusses a new settlement system being built for instant payments in the US, which will be the first major expansion of the payment system since the 1970s. It emphasizes the compelling case for this development for businesses and consumers, ensuring access to financial institutions.

Cryptocurrencies and CBDC

The video explores the rapid changes in the global monetary system, the development of instant 24/7 payments, and the examination of whether a US central bank digital currency (CBDC) could improve the existing payment system.

Ripple XRP

The video reveals connections between the US Federal Reserve and Ripple XRP, showcasing Ripple's interest in cryptocurrencies and its potential use in powering the Fed's real-time payment system.

Fed Now Payment System

It discusses the Fed Now payment system and its role in the instant payment infrastructure, highlighting how it may utilize Ripple's blockchain technology and thereby bring XRP into mainstream financial operations.

Bank Exchange BXE

The video promotes Bank Exchange (BXE), a DeFi project on the XRP ledger, which allows users to buy and sell various cryptocurrencies and create tokens quickly on the XRP network.

Partnerships with Federal Reserve

The video mentions various partnerships involving the Federal Reserve and companies using XRP such as Finastra and Volante, indicating XRP's increasing integration into traditional finance.

Industry Implications

Industry buzz indicates that the Fed Now system may leverage Ripple Net technology, with reports pointing towards XRP transactions being processed through the Federal Reserve, suggesting the potential for significant changes in the payment landscape.

Related questions&answers

What is the Federal Reserve investing in?

The Federal Reserve is investing heavily in building a new settlement system for instant payments in the US.

When was the last major expansion of the US payment system?

The last major expansion of the US payment system occurred in the 1970s.

What types of institutions will have access to the new payment system?

All financial institutions will have access to the new payment system.

How might global monetary changes affect the US dollar?

Rapid changes in the global monetary system may affect the international role of the dollar in the future.

What is the significance of instant payments?

Most major economies are developing 24/7 instant payment systems, allowing for faster and more efficient transactions.

Is the Federal Reserve considering a central bank digital currency?

Yes, the Federal Reserve is examining whether a US central bank digital currency could improve the existing payment system.

What role do cryptocurrencies like Ripple XRP play in the new system?

Real-time payments are set to be powered by cryptocurrencies like Ripple XRP.

What happened on April 2024 related to XRP transactions?

Reports surfaced that an XRP transaction was processed to a US bank via the Fed Now system.

What are the partnerships that involve XRP and the Federal Reserve?

Finastra and Volante are using XRP and are also partnered with the Federal Reserve.

Why is the collaboration between the Federal Reserve and Ripple significant?

It signifies that the Federal Reserve is exploring the use of Ripple technology, which could revolutionize payment processing.

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