Speculation in the crypto community has been going viral claiming the U.S. Federal Reserve is using Ripple’s XRP for all payments via its FedNow instant payment system. A viral post on X (formerly Twitter) by a user stated that the Federal Reserve is using Ripple’s XRP via FedNow payments system, Faste payments, and Volante cloud payments. The user declared, “Not a test. Not a rumour. 100% confirmed.”
While it’s true that Volante Technologies, a key partner in the FedNow pilot program, has integrated Ripple’s blockchain for cross-border payments, there is no official confirmation that the Federal Reserve is directly using XRP for all payments. Volante’s platform supports multiple technologies, including SWIFT, Ripple, and digital currenciesproviding flexible back-end solutions for institutions.
FedNow, set to adopt the ISO 20022 messaging standard by July 14, represents a significant step toward modernising the U.S. payment infrastructure. The fact that Volante gets involved makes the idea of blockchain taking an increasing part in financial systems more credible. It is, however, speculative to tie this back to XRP as a global payment token.
The fact that the technology behind Ripple is integrated into the serious infrastructure is, indeed, an indicator of great momentum. However, until that time, the statement that XRP is being used to power all Federal Reserve payments is simply exaggerated and not yet formally proved.
Also Read: Canada’s XRP ETF Launch Sparks FOMO in U.S.
