Link Between XRP and Visa Revealed In New Document
Main Idea
A new document reveals a potential link between XRP and Visa, highlighting RippleNet and the Interledger Protocol as possible mechanisms for interoperability in digital currency transactions.
Key Points
1. Visa's documentation mentions RippleNet and the Interledger Protocol (ILP) as frameworks for enabling interoperability in digital currency transactions.
2. The inclusion of RippleNet in Visa's exploration suggests Ripple's technology is recognized as a viable option for integrating CBDCs, cryptocurrencies, and traditional payment systems.
3. The document does not specify implementation details but indicates Visa's interest in leveraging XRP and other digital currencies for merchant payments.
4. This development could have implications for XRP's role in the broader payments ecosystem, though it is not confirmed as financial advice.
Description
Crypto Researcher SMQKE shared an update indicating Visa’s ongoing involvement in digital currency initiatives, including references to RippleNet and the Interledger Protocol (ILP) as possible mechanisms for interoperability in its settlement platform. This development adds to a broader pattern of Visa engaging with cryptocurrency services and infrastructure providers to expand its role beyond traditional payment processing. Visa has previously taken steps to integrate cryptocurrency usage throu...
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