Ripple XRP Mentioned in IIF’s BIS Response on Cross-Border Payments
By: bitcoin ethereum news|2025/05/14 12:45:04
0
Share
Post the historic win of Ripple in the Ripple vs SEC case, Ripple’s blockchain payment system and its native token XRP are getting fresh global recognition. The Institute of International Finance (IIF) recently highlighted XRP as a faster and cheaper alternative for moving money across borders, especially in areas underserved by traditional banks. XRP acts as a bridge asset, enabling near-instant settlements without relying on multiple banking intermediaries. IIF Mentions Ripple in BIS Response In this January consultation with the BIS, the The Institute of International Finance (IIF) responded how to bolster crossborder payments. The mention #XRP on #Ripple ‘s network as an alternative rail. Also mention stablecoins, though #RLUSD was likely too new for consideration. pic.twitter.com/LD9Wk12F5M — WrathofKahneman (@WKahneman) May 13, 2025 According to the popular crypto analyst WrathofKahneman (WOK), this recognition came through the IIF’s feedback to a January 2025 consultation held by the Bank for International Settlements (BIS), under the G20’s roadmap to improve global payments. In this document, Ripple and XRP were acknowledged for offering a new kind of infrastructure for value transfer, breaking away from the delays and high costs of the traditional banking model. Also Read : Ex-SEC Chair Gensler Wasn’t Anti-Crypto in Private, McHenry Reveals , Stablecoins Get a Nod — But Not RLUSD Yet The IIF’s paper also touched on the role of stablecoins like USDC from Circle, PayPal’s PYUSD, and Coinbase’s Base blockchain, all noted for enabling fast, affordable international payments. However, Ripple’s stablecoin RLUSD didn’t make the list, most likely because it had just launched in December 2024, shortly before the document was submitted. Since then, RLUSD has been integrated into Ripple Payments, adding more utility to Ripple’s suite of tools. Ripple’s Wider Recognition Keeps Growing This isn’t the first time Ripple and XRP have gotten praise. Last year, Mastercard spotlighted SBI Remit, a Ripple partner, for using XRP in remittances. XRP was also highlighted in a World Bank report and mentioned by both the IMF and World Economic Forum as a useful tool for unlocking capital tied up in outdated financial systems. Even Morgan Stanley has named Ripple a potential SWIFT alternative. Although RLUSD missed the spotlight this time, Ripple and XRP are gaining momentum in international finance. With institutional recognition growing and blockchain adoption accelerating, Ripple’s cross-border payment tech is no longer flying under the radar. Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. FAQs XRP acts as a bridge asset, enabling near-instant, low-cost settlements without relying on multiple banking intermediaries. Yes, post-SEC victory, Ripple and XRP are seeing increased global adoption and institutional recognition for cross-border solutions. Source: https://coinpedia.org/news/ripple-xrp-mentioned-in-iifs-bis-response-on-cross-border-payments/
You may also like
Controversy Surrounding Huawei's Prodigy Li Bojie and His DeepSeek Interview Experience Amid Web3 Investor Backlash
SemiAnalysis: Anthropic's Q3 Profit Expected to Exceed $1 Billion
Anthropic is quietly disrupting the AI commercial landscape. With the explosive popularity of Claude Code, its ARR has surged from $9 billion to over $60 billion in a single quarter, with API business gross margins exceeding 80% and net revenue retention rates reaching 500%. Research firm SemiAnalys...
From 'Never Sell Bitcoin' to Active Management: How is Strategy Coping with $1.26 Billion Annual Dividend Pressure?
Leverage Products Trigger Major Changes in Stock Market: How Did the South Korean Market Become a 'Casino'?
Bernstein Analysis: Memory Prices Are Still Rising, But Phones and PCs Can't Keep Up
Satoshi Bitcoin lawsuit drops 44 wallets after on-chain activity
Upcoming Auction of Token FOLD: What is The Interfold Supported by Vitalik?
The Demystification of AI Collaboration Tools: Is Organizing Reports and Checking Spreadsheets the Most Common Scenario?
Goldman Sachs Trading Desk: The Sell-off of Momentum Stocks in the U.S. is Fierce, Unseen Since 2020! But No 'Panic' Yet, Retail Investors are the Biggest Support
Collateral USD: How does the "second layer dollar" above stablecoins form?
Under the reference framework of the offshore dollar system, once stablecoins are incorporated into the collateral financing chain, it may give rise to a new type of dollar debt based on them—“collateralized dollars.” Whether this layer of debt can be established and whether it is stable depends on ...
How has the Pacific "fever" turned extreme weather into a cash machine for Wall Street?
The extreme weather caused by El Niño is sweeping through the commodity markets, becoming not only a "weather code" for quantitative funds and traders to frantically profit from, but also quietly driving up global food prices and the cost of living for ordinary people.
Trade Spot Market Orders With More Control: WEEX Adds Slippage Tolerance
WEEX Spot now supports Slippage tolerance for market orders, helping users set a maximum acceptable price deviation before placing a market buy or sell order
Morning Report | One week after the full implementation of the EU MiCA, 21 stablecoin issuers and over 270 crypto service providers have obtained regulatory qualifications; Microsoft lays off 4,800 employees, with Xbox accounting for about 3,200 of the...
July 7 Market Important Events Overview
Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...
July 6 Market Important Events Overview
How has Binance's stock business performed in the 30 days since its launch?
Emerging market buying supported the first wave of demand.
Blockchain Capital Partner: AI is rewriting the fundamental unit of labor
The rise of AI is rewriting the basic unit of labor from "positions" and "companies" to "tasks." When programmable labor meets programmable currency, a production line without companies, salary systems, or HR becomes possible for the first time.
Can Open USD support Stripe's ambitions?
Stripe collaborates with multiple parties to launch OUSD, not only challenging the dominance of USDC but also exposing its trillion-dollar ambition to transition from a "payment interface" to a "next-generation funds settlement network."
Founder of Baixing.com: I believe half of the statement that large language models devour everything
The internet has been shouting for so many years about devouring everything. Has it really devoured everything now? Is it the internet that devours everything, or is it the large models that devour everything? Both are devouring, and nothing is left?
Controversy Surrounding Huawei's Prodigy Li Bojie and His DeepSeek Interview Experience Amid Web3 Investor Backlash
SemiAnalysis: Anthropic's Q3 Profit Expected to Exceed $1 Billion
Anthropic is quietly disrupting the AI commercial landscape. With the explosive popularity of Claude Code, its ARR has surged from $9 billion to over $60 billion in a single quarter, with API business gross margins exceeding 80% and net revenue retention rates reaching 500%. Research firm SemiAnalys...
From 'Never Sell Bitcoin' to Active Management: How is Strategy Coping with $1.26 Billion Annual Dividend Pressure?
Leverage Products Trigger Major Changes in Stock Market: How Did the South Korean Market Become a 'Casino'?
Bernstein Analysis: Memory Prices Are Still Rising, But Phones and PCs Can't Keep Up
Satoshi Bitcoin lawsuit drops 44 wallets after on-chain activity
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
