Speculation within the cryptocurrency community has spread widely with claims that the Federal Reserve of the United States is using Ripple's XRP for all payments through 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 through the FedNow payment system, Faste payments, and Volante cloud payments. This user claimed, "Not a test. Not a rumor. 100% confirmed."
While it is 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 any payments. Volante's platform supports multiple technologies, including SWIFT, Ripple, and digital currencies, providing flexible back-end solutions for organizations.
FedNow, set to adopt the ISO 20022 messaging standard on July 14, represents a significant step towards modernizing the payment infrastructure of the United States. Volante's involvement makes the idea of blockchain increasingly playing a crucial role in financial systems more credible. However, linking this to XRP as a global payment token is speculative.
The fact that the technology behind Ripple is integrated into serious infrastructure is indeed an indicator of significant momentum. However, until that point, the claim that XRP is being used to power all payments of the Federal Reserve is simply exaggerated and has not been officially proven.
