
New Documents: Ripple (XRP) is Positioned for Fedwire Interoperability
According to recently shared documents, Ripple (XRP) has positioned itself for interoperability with Fedwire, the U.S. Federal Reserve’s real-time gross settlement system. The information comes from crypto researcher SMQKE, who tweeted that Ripple is poised for collaboration through ECS Fin partnership.
As per the provided images from ECS Fin’s official materials, Ripple is a part of their IMS Payments platform, which has been actively engaged with the Federal Reserve’s Fedwire modernization efforts. While there isn’t any direct statement confirming Ripple’s use within the Federal Reserve’s systems, its presence in ECS Fin’s ecosystem – which adheres to ISO 20022 standards and connects U.S. payment rails – showcases technical preparedness for potential interoperability.
The revelation has sparked a mixed reaction among cryptocurrency enthusiasts, with some expressing frustration over XRP’s current market performance. One user, TcfRTB, commended the research effort but expressed confusion regarding XRP’s low price amidst positive news surrounding its integration into ECS Fin’s platform. “Your work is so appreciated. I do not post much but with all of this positive information on xrp… how in the world is the price at 2 dollars…. that is what I’m struggelling with…”, he said.
Despite any market discrepancies, Ripple’s recent advancements suggest it could be poised for a significant breakthrough in the future.
Source: timestabloid.com