The post Is XRP Becoming the World’s Real-Time Settlement Network? appeared first on Coinpedia Fintech News
Analyst Jesse from Apex Crypto Consulting says XRP could play an important role in a global financial system that connects central banks through real-time settlement.
XRP and the Global RTGS Network
Jesse referred to a document from the Hyperledger Foundation that showed the XRP Ledger as the “global RTGS,” or Real-Time Gross Settlement system. RTGS systems allow banks to settle large transactions instantly. The idea is that the XRP Ledger could link these national systems together through the Interledger Protocol, creating a single network for global payments.
The document outlined how central banks such as the Federal Reserve, the Bank of Japan, and the European Central Bank could connect their RTGS systems to the XRP Ledger. In that model, XRP would act as the bridge asset for liquidity, allowing money and assets to move across borders without delays.
The In
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