Researcher SMQKE presented findings confirming that XRP is integrated into the banking infrastructure through Ripple and ISO 20022 technology.
Evidence of XRP’s Integration
In a video, researcher SMQKE explained how XRP is embedded in the financial system. He presented findings based on source documents to eliminate speculation. Among the presented data, it is asserted that Ripple’s Interledger Protocol (ILP), proposed in 2012, serves as the foundation for this integration. ILP enables interoperability between blockchains and traditional financial systems.
Role of ISO 20022 in Banking Standards
SMQKE linked Ripple’s ILP with ISO 20022, the international standard for financial messaging replacing the outdated SWIFT system. He noted that ISO 20022 provides a universal language for financial institutions, facilitating communication and settlement. XRP is among a small group of digital assets compliant with ISO 20022.
International Finance Bank and Ripple
A significant portion of SMQKE's evidence came from documents from the International Finance Bank (IFB), which implemented ILP as a core component of its cross-ledger strategy. Documents confirmed the use of ILP and RippleNet in the bank's payment infrastructure, citing the liquidity of XRP for providing foreign exchange advantages.
SMQKE emphasized that the integration of XRP into ISO 20022-compliant pipelines is a long-term strategy to address liquidity challenges in the banking system, offering the potential for using XRP as a bridge for international payments.
