Ripple community: The system of instant payments of the Fednow Fed does not need to use XRP – Bits Media

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Сообщество Ripple: Системе мгновенных платежей ФРС FedNow нет необходимости использовать XRP - Bits Media

Ripple community participants warn users about social networks about the connection between the US Federal Reserve and Ripple against the background of the instant payments system Fednow.

In recent days, some popular media faces of the XRP community, In response to news about Deployment of the Fednow Service Fed, hinted, and sometimes they directly declared, that XRP will be used as an intermediate currency in the system of instant payments. This led to numerous speculations on the relationship between the project of the US Federal Reserve Service and Ripple.

However, the Fed is unlikely to use XRP as part of its Fednow payment system, Says one of the popular RipPle network Moon Lambo network (Moon Lambo). Undoubtedly, XRP can be used as an intermediate currency to connect various payment systems and conversion of one fiat currency into another, The expert argues. But the use of XRP in the FDNOW payment system of the US Federal Service, does not make financial meaning.

“Some influential persons mislead the community. To believe, that XRP is used (Or can be used) In the Fednow system, You should have a fundamental misunderstanding of that, How XRP functions as an intermediate currency and liquidity tool ", - wrote Lambo on Twitter.

The point of view Lambo is shared by the blogger Crypto Eri. He expresses disappointment
About that, that the influential persons of the XRP community distribute misinformation to create a hype, since "launch fednow in 2023 a year has nothing to do with cross -border streams ".
Previously, one of the opponents of Lambo, Popular in the crypto community Ripple Blogger Alex Cobb (Alex Cobb), With more than 134 000 subscribers, Declared on Twitter, that the Fed is starting a full -scale launch of the Fednow instanty payments service in cooperation with Ripple Labs. He shared a link
on the article The XRP Daily and called on users to retweet post.

“Financial institutions, participating in the project, will be able to provide enterprises and consumers with the opportunity to efficiently and safely send and receive instant payments. The speed of payments and instant access to funds will give greater flexibility in managing personal money ", - They say
About the Fednow service on the FRS website.

Relying on this definition, Some experts of the crypto community made
assumption, that immediate delivery of funds means a completely new system of mutual settlements, not something from the outdated banking system.

“We understand, that Fednow is not a cross -border payment system, However, they should use blockchain, Even if they do not create some own token to ensure liquidity ", - said Craig Devitt (Craig DeWitt) From Ripple, recently elected deputy chairman of the Council for Fast Payments.

He filed rumors even more about the possible connection of the Fed, Fednow and Ripple Labs Transition of the former Ripple adviser Michael Barra (Michael Barr) to work in the Federal Reserve System. A former crypto officer employee will influence the regulator policy regarding cryptocurrencies and stablecoins, as well as perform the functions of the main bank observer.

So far, the only confirmed connection between Ripple and the Fednow system remains, that in February, the cloud payment company Ripple Volante Technologies was added to the Fednow pilot program. But, Although Fednow uses the ISO standard 20022, Like Ripplenet, It is not based on the blockchain. Instead, Fednow is going to work with third -party companies and banks.

The other day, Ripple and Tranglo opened the round -the -clock payment corridor of Ripple ODL in the United Arab Emirates for customers.