News
Public · Published
Ripple CEO Says BIS Testing With XRP Ledger Is No Surprise to Him
Ripple CEO Brad Garlinghouse said on September 4 that a Bank for International Settlements (BIS) research team's decision to test the XRP Ledger was unsurprising. The experiment used the XRP Ledger to help authenticate official statistical datasets, citing its fees, speed, and record.
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What happened
Ripple CEO Brad Garlinghouse said on September 4 that a Bank for International Settlements (BIS) research team's decision to test the XRP Ledger was unsurprising. The experiment used the XRP Ledger to help authenticate official statistical datasets, citing its fees, speed, and record.
Confirmed
Global impact / market context
If a major global banking institution tests XRP's technology, it could signal trust in the network. This might encourage other organizations to use it, potentially increasing demand for XRP and supporting its value as a digital asset.
Analyst inference
XRP is a digital currency used on the XRP Ledger. News of institutional testing can influence investor interest. Positive recognition from a respected body like the BIS may improve sentiment around XRP, possibly affecting its trading price in the short term.
Analyst inference
What to watch
- Watch for any official statements from the BIS or Ripple about the results of the XRP Ledger test, which could provide more details on the experiment's purpose and findings. Confirmed
- Investors might consider monitoring XRP's trading volume and price movement following this news, as market reactions to institutional endorsements can sometimes be swift. Proposed
- Future announcements about broader BIS adoption of XRP Ledger technology could be significant, as wider use might strengthen XRP's position in the digital payments space. Analyst inference
Affected assets
- XRP — XRP