BANKS FORCED TO USE XRP OR THEY COLLAPSE… (TRILLIONS INCOMING?!)

Discusses the relationship between the Atlanta Federal Reserve, Ripple, and XRP, focusing on how these entities are impacting the financial sector.

Here are the highlights:

• Atlanta Fed Report on Web3 and Financial Services: In May 2023, the Atlanta Fed published a report titled “An Introduction to Web 3 and Implications for Financial Services.” This document explored how Web3 and blockchain technologies, particularly those from companies like Ripple and Stellar, are influencing the financial sector.
• Ripple and XRP’s Role: The report specifically highlighted Ripple’s use of XRP, describing it as an “international payment medium or wholesale settlement coin.” The focus was on Ripple’s efficiency, low transaction costs, and quick settlement times for cross-border value transfers.
• Project Mariana Reference: The Atlanta Fed’s report also referenced Project Mariana, a proof-of-concept by the Bank for International Settlements and several European central banks. This project aims to facilitate efficient cross-border settlements using DeFi protocols and digital assets, bringing tokens like XRP into the discussion around wholesale payments.
• No Official Endorsement (Yet): While acknowledging Ripple and XRP’s technology and potential, the Atlanta Fed clarified that the report was not an endorsement or an indication that the Federal Reserve planned to use XRP for settlement.
• Ongoing Speculation and Hope: As of July 2025, discussions in financial and crypto media continue to reference the Atlanta Fed’s stance, fueling excitement about the possibility of XRP or similar assets being used by the Fed for global payments. However, no new formal report has announced direct integration.
• Ripple’s Pursuit of a Fed Master Account: Ripple is actively working to secure a Fed master account for closer integration with US payment systems.
• Regulatory Clarity for XRP: Following the SEC and Ripple case, there has been growing legal clarity around XRP, which has further encouraged speculation about broader institutional adoption.
• Historical Connections with the Federal Reserve: Ripple has a history of involvement with the Federal Reserve. In 2015, Ripple was part of the Federal Reserve’s Faster Payments Task Force, alongside partners like The Clearing House, ACI Worldwide, and American Express, making it the only crypto company involved in that initiative.
• Ripple’s Bid for a National Banking License: Ripple is seeking a federal bank license from the Office of the Comptroller of the Currency (OCC) and potentially a Fed master account. This move is seen as significant, though it faces opposition from traditional banks whose existing technologies and revenue streams could be disrupted by Ripple’s solutions.