Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Ripple XRP Mentioned in IIF’s BIS Response on Cross-Border Payments
By: bitcoin ethereum news|2025/05/14 20:45:04
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Bank report and mentioned by both the IMF and World Economic Forum as a useful tool for unlocking capital tied up in outdated financial systems.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
Who will own the most Bitcoin in 2026
In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.
A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic
What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.
"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?
The encryption czar has left, and Trump has muted.
Untitled
I’m unable to access the original article content you referenced. Please provide specific details or another article so…
From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC
Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.
A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic
Shaping the global AI landscape is not just a battle of technical paths, but also a wound of private trauma that has never healed
a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized
Essentially, this attribute allows stakeholders to have a "virtual lane" within a high-throughput blockchain to ensure their transactions can be included.
a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized
Essentially, this attribute allows stakeholders to have "virtual lanes" within a high-throughput blockchain, ensuring that their transactions can be included.
2% user contribution, 90% trading volume: The real picture of Polymarket
Is Polymarket a battleground for retail investors or an arena for institutions?
Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire
From Oil Prices and Elections to Secret Negotiations, Are the US and Iran Really Heading for a Ceasefire?
Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief
The "Orwellian" Term Stymies Pentagon's Supply Chain Risk Label for Anthropic
Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers
Hyperliquid has captured this wave of geopolitical market trends with commodity contracts. Decentralized exchanges are moving from internal competition within the crypto industry to a genuine alternative to traditional financial infrastructure, and this direction has only just begun.
Iran War Stalemate: What Signal Should the Market Follow?
Watch the Bond Market
Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?
Can technological advancement be guided, or has it already gone beyond our control?
Insider Trading Alert! Will Trump Call a Truce by End of April?
Multiple Accounts Accurately Predict War, Earn $1.8 Million
After establishing itself as the top tokenized stock, does Ondo have any new highlights?
The total market capitalization of the global stock market is about $150 trillion, while the tokenized stocks market is currently only $10 billion in size, making it akin to a nascent super market that has just cracked the door open.
BIT Brand Upgrade First Appearance, Hosts "Trust in Digital Finance" Industry Event in Singapore
Discussing topics such as governance standards, compliance frameworks, and operational infrastructure within the context of the institutionalization process
OpenClaw Founder Interview: Why the US Should Learn from China on AI Implementation
In the US, using OpenClaw may get you fired; in China, not using it may get you fired
Who will own the most Bitcoin in 2026
In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.
A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic
What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.
"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?
The encryption czar has left, and Trump has muted.
Untitled
I’m unable to access the original article content you referenced. Please provide specific details or another article so…
From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC
Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.
A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic
Shaping the global AI landscape is not just a battle of technical paths, but also a wound of private trauma that has never healed
App