A recent tweet by GA Spark has drawn attention to the cryptocurrencies XRP and XLM, which are mentioned in official documents by the World Bank and other major financial organizations.
World Bank Mentions and Payment Systems.
The tweet claims that the World Bank's documentation on cross-border payments mentions only two digital assets: XRP and XLM. This indicates that the World Bank, as an international financial institution, is interested in these assets to improve international payment infrastructure.
Ripple’s Participation in Financial Task Forces.
The video also mentions Ripple's involvement in a Federal Reserve task force focusing on faster payments. This suggests Ripple's active participation in shaping future payment systems in the U.S. Furthermore, Ripple is referred to in the Bank for International Settlements' initiatives that aim to enhance interoperability and reduce costs in international money transfers.
Ripple’s Ties with Global Institutions.
The video addresses Ripple's involvement in various initiatives in Asia and the Middle East, including the Hong Kong Monetary Authority and projects with the Bank of Russia and the Bank of England. Ripple's participation in these projects underscores its growing influence and established presence in international finance.
GA Spark's tweet serves as a catalog of mentions and collaborations involving Ripple and XRP, highlighting the increasing recognition of these assets in global financial systems.
