Posted 3 years ago | by Ben Armstrong

Is Ripple Moving Toward FedNow Payment System

Earlier this week, the Federal Reserve released a press release detailing its plan to put out a payment platform that can do transaction settlement quickly with no downtime. This sounds eerily similar to the goal of Ripple's xRapid platform. Naturally, the XRP community has been very excited about this announcement as it seems like an opportunity for Ripple to work with the U.S. government. Any time there is an opportunity for Ripple to expand its horizons.

The XRP is a community that has been accused in the past of creating an echo chamber for itself. For instance the $589 XRP prediction circulated greatly within the community itself before it ever was seen (and memed) by the greater crypto community. The point is that sometimes rumors about Ripple have no truth to them.

This story looks to be different and actually have legs. Ripple's Global Head of Infrastructure Innovation, Dilip Rao retweeted the Fed's announcement and added that it lined up with Ripple's mission:

There is of course no guarantee that the Fed would actually work with Ripple even if Ripple did reach out to the Federal Reserve to volunteer its services. This is certainly not the last time we will hear these two entities mentioned together. The Fed press release is still fresh on the scene. One thing is for sure though, if you thought the XRP moon calls were loud before, just wait to hear how loud they will be if Ripple starts working directly with the Federal Reserve.

To see more about this story and more, check out BitBoy Crypto's latest video:

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About Ben Armstrong

ef4f73e9ddeb61becab57469962fa946?s=90&d=blank&r=g Will Ripple Team Up with the U.S. Government?Ben Armstrong is a YouTuber, podcaster, crypto enthusiast, & creator of Better known as BitBoy Crypto, he works hard to educate and inform the crypto community.

Ben has been involved with the world of cryptocurrency since 2012 when he first invested in Bitcoin. He used Charlie Shrem's BitInstant & lost Bitcoin in the Mt. Gox hack.

In 2018, Ben decided to go "full-time crypto" and focus all of his time and energy into expanding the reach of crypto.

If you have any questions or comments please feel free to email him at or contact him on Twitter @BitBoy_Crypto.