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New Documents: Ripple (XRP) is Positioned for Fedwire Interoperability
A recent tweet by crypto researcher SMQKE has shed light on new documents that demonstrate Ripple’s technical readiness for interoperability with Fedwire, the U.S. Federal Reserve’s real-time gross settlement system.
SMQKE shared two images sourced from ECS Fin’s official materials, revealing that Ripple is listed as a supported payment technology within their IMS Payments platform. This information suggests that Ripple has the potential to be integrated into the Federal Reserve’s modernized systems, which are set to adopt the ISO 20022 messaging standard.
According to the documents provided by SMQKE, ECS Fin’s IMS Payments system supports multiple external channels and standards, including ACH, SWIFT, CHIPS, and ISO 20022. The inclusion of Ripple as a supported payment technology within this platform implies that the company is technically prepared for interoperability with Fedwire.
Notably, the documents do not explicitly state whether Ripple is currently being used by the Federal Reserve or any other financial institution. However, the presence of Ripple in ECS Fin’s ecosystem serves as strong evidence that the blockchain-based payment solution has the potential to be integrated into the Federal Reserve’s systems in the future.
The revelation comes amidst a backdrop of growing interest and adoption of decentralized payment solutions within the financial industry. The news may have significant implications for XRP holders, who will be eagerly awaiting any developments that could potentially drive up the value of their assets.
In related news, an X user by the name TcfRTB expressed concern over Ripple’s recent market performance, stating, “Your work is so appreciated… how in the world is the price at 2 dollars…” This sentiment reflects widespread frustration among investors regarding the apparent disconnect between Ripple’s utility and its current value.
Source: timestabloid.com
