News
Public · Published
Ripple No Longer Member of BIS Cross-Border Payments Task Force
Ripple confirmed it is no longer a member of a Bank for International Settlements task force on cross-border payments that it joined in 2023. The departure was reported weeks after a BIS paper on the XRP Ledger, and none of the parties explained how that research related.
Published:
Updated:
What happened
Ripple confirmed it is no longer a member of a Bank for International Settlements task force on cross-border payments that it joined in 2023. The departure was reported weeks after a BIS paper on the XRP Ledger, and none of the parties explained how that research related.
Confirmed
Global impact / market context
Ripple's removal from a global payments standards group may reduce its direct influence on cross-border payment rules, potentially weakening its position as a partner for banks and other financial firms considering the XRP Ledger.
Analyst inference
The BIS paper on the XRP Ledger had already raised questions among crypto observers, and Ripple's exit from the task force could amplify uncertainty about regulatory acceptance of XRP, affecting how investors view XRP-related assets and partnerships.
Analyst inference
What to watch
- Watch whether Ripple or the BIS provides any explanation for the departure and how it relates to the earlier BIS paper on the XRP Ledger. Confirmed
- Watch for Ripple announcements about new cross-border payment partnerships or regulatory engagements that could offset the loss of task force membership. Proposed
- Watch XRP price and trading volume for signs that investors are reacting to reduced Ripple influence in global payments standards. Analyst inference
Affected assets
- OPN — Opinion
- XRP — XRP
- BTC — Bitcoin