Stern Drew's recent post on X highlights key aspects of Christine Lagarde's influence on the digital transformation of the financial system and the role of Ripple and the XRP Ledger in these processes.
The Influence of Christine Lagarde on the International Financial System
Christine Lagarde, a French lawyer and politician, led the International Monetary Fund (IMF) from 2011 to 2019 and has served as President of the European Central Bank (ECB) since November 2019. During her tenure, she emphasized the need for the financial system to adapt to digital money, tokenization, and new payment technologies.
Documented Involvement of Ripple in IMF
The IMF established a High-Level Advisory Group on FinTech to explore the future of cross-border payments and digital assets. Ripple executives, including co-founder Chris Larsen, appear on official IMF lists of industry participants invited to these high-level discussions. This confirms Ripple's involvement in IMF's policy formation on financial technologies.
Technical Capabilities of XRPL
The XRP Ledger (XRPL) has introduced key upgrades such as XLS-70 for verifiable credentials and XLS-80 for permissioned domains. These features meet institutional security and compliance requirements, making XRPL a suitable candidate for pilot projects that demand high levels of trust.
Stern Drew's post emphasizes that Christine Lagarde championed a digital future and that Ripple is actively involved in IMF's financial discussions. However, claims of a secret role for Ripple as the exclusive settlement platform for the IMF are not fully backed by available documentation.
