Amazon Web Services (AWS) has shown active interest in the use of XRP, Ripple's cryptocurrency, in its payment systems. This news emerged during a recent panel discussion, where a company representative shared insights on current research into using XRP.
Amazon's Statement on XRP
A representative from Amazon noted during the panel discussion that the company has a team member dedicated to exploring the potential for using XRP for payments. She emphasized that the company aims to assess where XRP could be beneficial in collaboration with different merchants and platforms.
XRP Community's Reaction
The XRP community has taken this news as a sign that the process of adoption is shifting from talk to action. Should the collaboration take place, it could significantly enhance XRP’s utility, given AWS's substantial presence in cloud services and enterprise infrastructure.
Ripple's Ecosystem Advantages
Ripple is already active in the enterprise sector, collaborating with banks, payment providers, and regulators worldwide. Recently, Ripple secured a license for its stablecoin RLUSD from the Dubai Financial Services Authority. This development opens new opportunities for Ripple, especially since the company anticipates that the final settlement with the SEC will create comfort for financial institutions in the United States.
While there are currently no specific agreements between Amazon and Ripple, AWS's interest in XRP could represent a significant step towards further cryptocurrency integration in payment systems.
