Ripple’s digital native currency, XRP, and its global payments network are now receiving worldwide recognition following its recent victory against the US Securities Exchange Commission. IIF’s response to BIS regarding cross-border payment mentioned XRP, Ripple and XRP.
IIF considers XRP cheaper and faster for global payments
IIF responded to BIS’s request for consultations on global payment improvement by mentioning Ripple’s native crypto token, XRP, as well as its cross-border network.
The Institute of International Finance, in a January meeting with BIS on how to boost cross-border payments. Mention #XRP On, #RippleThe network can be used as a rail alternative. Stablecoins are also worth mentioning. #RLUSD It is likely that the information was too recent to be considered. pic.twitter.com/LD9Wk12F5M
— WrathofKahneman (@WKahneman) May 13, 2025
IIF says that XRP could be used as a global bridge asset, because it is faster and cheaper than other platforms and can provide instant settlements.
In addition to Ripple, the paper mentions stablecoins. IIF mentions USDC, the main stablecoin of Circle. Ripple’s RLUSD stablecoin was not given any publicity. It’s because the stablecoin launched just recently.
XRP Gains Recognition on a Wider Scale
Ripple and the Securities and Exchange Commission of the United States were at war, which ended just recently. Despite the war, Ripple has been able gain popularity from all over the world. But this recognition is only recent, following its triumph over SEC.
Ripple’s native digital currency, Ripple, is making waves around the globe and is becoming more recognized every day. XRP has also been recognized by WEF, IMF and World Bank in a World Bank-shared report.
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Source: ripplecoinnews.com
