Speculation in the crypto community is growing, claiming that the U.S. Federal Reserve uses Ripple XRP for all payments via the FedNow system. These rumors went viral after a social media post.
Rumors of XRP Integration in FedNow
A post on social media claimed that the Federal Reserve is using Ripple XRP, discussing this possibility in the context of the FedNow instant payments system. The user making the claim stated that this is 'not a test, not a rumor, 100% confirmed.'
Role of Volante Technologies in the FedNow Program
Volante Technologies, a key partner in the FedNow pilot program, has indeed integrated Ripple's blockchain for cross-border payments. However, there is no official confirmation that the Federal Reserve is directly using XRP for all its payments. Volante’s platform supports various technologies, including SWIFT and Ripple, providing flexible back-end solutions for institutions.
Expectations vs Reality of XRP Usage
FedNow, which is set to adopt the ISO 20022 messaging standard by July 14, represents a significant step toward modernizing the U.S. payment infrastructure. The involvement of Volante makes the idea of blockchain in financial systems more plausible; however, tying this back to XRP as a global payment token remains speculation. The statement that XRP is being used to power all Federal Reserve payments appears exaggerated and is not formally substantiated.
While the technology behind Ripple is integrated into serious infrastructure, claims that XRP is being used for all payments by the Federal Reserve currently lack official confirmation. Caution is warranted when interpreting information.
