World Bank, Federal Reserve, and BIS Documents Mention XRP

A tweet published by cryptocurrency commentator GA Spark has brought renewed attention to the role of digital assets XRP and XLM in global institutional discussions on cross-border payments. The post asserts that the two cryptocurrencies are explicitly mentioned in formal documents by the World Bank and other major financial institutions, including the Federal Reserve and the Bank for International Settlements (BIS). The tweet, which includes an attached video summarizing several points, emphasizes the consistent presence of Ripple, the company associated with XRP, in various global financial task forces and initiatives. LISTEN THE WORLD BANK’S CROSS-BORDER PAYMENT DOCUMENTS MENTION ONLY $XRP AND $XLM . FEDERAL RESERVE TASK FORCE MEMBER : RIPPLE BIS MEMBER: RIPPLE https://t.co/XdIrBn59wL pic.twitter.com/HKlAtrLw5u — GA Spark (@1themoonshoowt) April 28, 2025 World Bank Mentions and Cross-Border Payment Frameworks The tweet begins by stating that the World Bank’s documentation on cross-border payments mentions only two digital assets as potential solutions: XRP and XLM. It highlights that the World Bank, a major international financial institution involved in global economic development, has referenced both assets in its materials, particularly in improving cross-border payment infrastructure. Ripple’s Role in U.S. and International Financial Task Forces Further claims in the video point to Ripple’s participation in a Federal Reserve task force focused on faster payments. According to the speaker, Ripple is a named member in the group, suggesting a direct role in shaping the future of payment systems in the United States. The Federal Reserve’s interest in modernizing and expediting domestic and international payments has been well-documented. Ripple’s involvement is presented in the video as a noteworthy endorsement of the technology underpinning XRP. The Bank for International Settlements (BIS), described in the video as the central bank of central banks, is also mentioned. Ripple is said to be part of a BIS task force on cross-border payments, aligning with BIS initiatives to increase interoperability and reduce costs in international money transfers. GA Spark’s tweet underscores this affiliation with Ripple’s presence in forums of global financial governance. References to Ripple in Asia and the Middle East Other institutions referenced in the video include the Hong Kong Monetary Authority (HKMA), which has been researching central bank digital currencies (CBDCs). The video asserts that Ripple is the only blockchain company involved in HKMA’s efforts. Additional examples include the Bank of Russia’s public documentation , which reportedly names XRP as a cross-border payment solution, and a proof-of-concept by the Bank of England involving Ripple to evaluate the performance of cross-border payment technologies. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Ripple’s expansion in the Middle East is also addressed. The company is said to be the first to offer regulated crypto payments in the United Arab Emirates . Moreover, the National Commercial Bank of Saudi Arabia, one of the largest financial institutions in the region, has reportedly joined Ripple’s network. Ripple’s Ties with U.S. Banks and Global Institutions The analysis also includes U.S.-based financial giants. The video notes that the Bank of America, previously the largest financial institution in the country by assets, has engaged with Ripple. J.P. Morgan, currently the largest U.S. bank, is said to have participated in joint research to enhance efficiency in wholesale cross-border payments. GA Spark’s video concludes with a reference to Ripple’s ties to various governmental and international bodies, including the White House, the President of the United States, the Vice President, the International Monetary Fund (IMF), and the World Economic Forum (WEF). The speaker ends by posing a question about XRP’s legitimacy and role in the evolving financial system. The tweet is meant to catalog a series of institutional mentions and collaborations involving Ripple and XRP. It positions these references as evidence of broader acceptance or strategic positioning for XRP and its supporting infrastructure in the future of cross-border finance. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post World Bank, Federal Reserve, and BIS Documents Mention XRP appeared first on Times Tabloid .

Source: TimesTabloid