IIF Spotlights Ripple’s Use of XRP As Cross-Border Payments Enhancer

SMQKE, a crypto researcher on X, recently drew attention to a significant acknowledgment involving Ripple, XRP, and ISO-20022-compliant assets. In a post shared with his followers on X, he referenced a 2025 letter from the Institute of International Finance (IIF) to the Bank for International Settlements (BIS), which acknowledged XRP as a leading private sector initiative enhancing cross-border payments. In a 2025 letter to the Bank for International Settlements, the Institute of International Finance spotlighted ISO 20022 and Ripple’s XRP as leading private sector solutions/initiatives that are enhancing cross-border payments. Documented. pic.twitter.com/dsOPO0I5x6 — SMQKE (@SMQKEDQG) May 15, 2025 This development is notable because it shows the growing recognition and legitimacy of cryptocurrencies, XRP specifically, within global financial discussions. IIF’s Endorsement of ISO 20022 and XRP The IIF, representing some of the world’s largest financial institutions, addressed the BIS with insights on modernizing payment infrastructures. The letter highlighted ISO 20022 as a pivotal standard driving efficiency in cross-border transactions. Importantly, the IIF also identified XRP as an example of private-sector innovation contributing to this goal. This acknowledgment places the digital asset alongside ISO 20022 as a tool for improving speed, transparency, and cost-effectiveness in global payment systems. The fact that IIF mentions XRP is a notable milestone. Traditionally, discussions at the BIS level have centered on public sector initiatives and banking consortia. Including XRP signifies recognition of its practical utility in bridging gaps within the existing financial infrastructure. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 XRP and Ripple’s payment network are a superior alternative to legacy systems like SWIFT. By spotlighting Ripple’s solution, the IIF shows the relevance of blockchain technology in addressing long-standing inefficiencies in cross-border payments. A New XRP-powered Financial System The IIF’s reference to XRP carries weight, especially in the context of global regulatory bodies evaluating digital assets’ roles in the financial system. Ripple’s focus on compliance, interoperability, and real-world application aligns with the goals of institutions like the BIS. The IIF also highlighted SWIFT’s upcoming migration to the ISO 20022 standard in December, which many experts believe will favor the digital asset. By aligning with the ISO 20022 standard , Ripple’s technology ensures compatibility with traditional financial systems while offering the benefits of blockchain-based solutions. This development reinforces Ripple’s positioning as a bridge between legacy payment networks and the emerging digital economy. The IIF’s letter further validates Ripple’s efforts to integrate digital assets into mainstream financial workflows. For XRP, this recognition may influence how policymakers and financial institutions perceive its role in future payment systems. 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 IIF Spotlights Ripple’s Use of XRP As Cross-Border Payments Enhancer appeared first on Times Tabloid .

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