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Federal Reserve Will Use XRP!? 27 Of The FedNows Certified Service Providers Have Links To Ripple...

#Cryptocurrency
2025-09-05 12:028 min read

Content Introduction

In this video, the host discusses recent developments at the Federal Reserve, particularly its adoption of ISO 2022 standards and the implications for distributed ledger technology. The focus is on Federal Reserve Governor Christopher Waller's remarks regarding cryptocurrencies and their potential role in the future of the financial system. The video highlights the integration of Ripple's technology with the FedNow payment system, emphasizing the likelihood of the Federal Reserve embracing XRP's capabilities. The host also mentions that many banks certified by the FedNow program are partnering with Ripple, indicating a significant shift towards digital assets in mainstream finance.

Key Information

  • The speaker introduces a video discussing developments at the Federal Reserve, particularly regarding ISO 2022 standards and distributed ledger technology.
  • Christopher Waller, a Federal Reserve governor, has been discussing the potential adoption of XRP's technology.
  • The Federal Reserve is exploring its Fed Now payment system, which could leverage Ripple's technology for faster payments.
  • The speaker emphasizes the importance of the shift towards adopting distributed ledger technology and its implications for the financial system.
  • Several banks listed in the Fed Now certification have ties to Ripple, suggesting a strong link between the central bank and the cryptocurrency.
  • The discussion includes the adoption of the ISO 20022 messaging standard, which accommodates cryptocurrencies and could improve interoperability.
  • The speaker highlights the significance of Cross River Bank, which has integrated Ripple for international payments.
  • Overall, the speaker expresses confidence in Ripple's position as a key player in the future of financial technology and payment systems.

Timeline Analysis

Content Keywords

Federal Reserve

The Federal Reserve is adopting new standards such as ISO 20022, embracing distributed ledger technology for upgrading its financial system. Fed Governor Christopher Waller highlights the importance of these developments.

XRP and Ripple

XRP, associated with Ripple, is positioned to play a significant role in the evolution of the financial system, especially in faster payment solutions. 27 of the 37 Fed Now certified service providers are Ripple partners.

ISO 20022 standards

ISO 20022 migration has been completed, providing a foundation for cryptocurrencies and enhancing payment processing. The standard allows for integration between cryptocurrencies and traditional financial systems.

Cross River Bank

Cross River Bank is one of the first US banks to integrate Ripple’s protocol for real-time international payments, aiming to enhance efficiency and reduce costs.

Faster Payments Task Force

The Faster Payments Task Force endorses Ripple as a faster payment solution, demonstrating its commitment to technological innovation in payment systems.

Related questions&answers

What is the main topic of today's video?

Today's video discusses the Federal Reserve's embrace of ISO 2022 standards and its link to distributed ledger technology and XRP's potential role.

Who is Christopher Waller?

Christopher Waller is a Fed governor who discusses the Federal Reserve's approach to distributed ledger technology and payment systems.

What are ISO 2022 standards?

ISO 2022 standards facilitate interoperability and messaging in financial transactions, including provisions for cryptocurrencies.

What role does Ripple play in the Federal Reserve's plans?

Ripple is considered a key partner in enabling faster payments through its distributed ledger technology, as indicated by the certifications of service providers linked to the Fed Now program.

What is the Fed Now payment system?

Fed Now is a payment system that aims to provide real-time payment solutions and streamline financial transactions across the U.S.

How many certified service providers are linked to Ripple?

At least 27 of the 37 Fed Now certified service providers are linked to Ripple as partners.

Will cryptocurrencies be validated in ISO 20022 messaging?

Currently, cryptocurrencies can be included in ISO 20022 messages as data content, but they are not validated. Future versions are expected to implement validation.

What innovation is being adopted by the Federal Reserve?

The Federal Reserve is adopting distributed ledger technology to upgrade its financial system and support the innovation of payment technologies.

What is the significance of Cross River Bank?

Cross River Bank is one of the first U.S. banks to integrate Ripple's protocol for real-time international payments.

What do experts say about Ripple's position in the market?

Experts view Ripple as a key player in the evolution of payment technologies and believe it is well positioned to lead in the financial technology space.

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