FedNow Archives - Times Tabloid https://timestabloid.com/tag/fednow/ Cryptocurrency and Blockchain Tabs Wed, 20 May 2026 04:06:46 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://timestabloid.com/wp-content/uploads/2021/08/cropped-Times-Tabloid-Favicon-32x32.png FedNow Archives - Times Tabloid https://timestabloid.com/tag/fednow/ 32 32 FedNow Contributor Explains How Banks Could Use XRP https://timestabloid.com/fednow-contributor-explains-how-banks-could-use-xrp/ Wed, 20 May 2026 11:02:52 +0000 https://timestabloid.com/?p=104222 Crypto analyst STEPH IS CRYPTO has shared comments from FedNow contributor Jess Cheng that described how banks could reportedly use XRP to facilitate cross-border settlements without relying on traditional intermediary banking relationships. In a recent tweet, STEPH IS CRYPTO described the remarks as significant, writing that Cheng explained “how banks could use XRP for cross-border […]

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]]> Crypto analyst STEPH IS CRYPTO has shared comments from FedNow contributor Jess Cheng that described how banks could reportedly use XRP to facilitate cross-border settlements without relying on traditional intermediary banking relationships.

In a recent tweet, STEPH IS CRYPTO described the remarks as significant, writing that Cheng explained “how banks could use XRP for cross-border settlement” in what was described as an “off-the-record” video. The post focused on Cheng’s explanation of how financial institutions could use XRP as a bridge asset between two separate banking systems.

The comments centered on a hypothetical scenario involving two institutions, Alphabank and Betabank. According to Cheng, banks often rely on a common account holder or intermediary institution to move funds across borders. However, she said there may be another option that removes the need for that arrangement.

XRP Presented as a Bridging Tool Between Banks

During the explanation, Cheng said banks could use XRP as a “bridging tool” to connect payment systems directly. She described XRP as a digital asset native to the Ripple Consensus Ledger and explained that it could help bridge settlement gaps between financial institutions operating in different jurisdictions.

Cheng contrasted the XRP-based process with traditional fiat-based payment chains, where every stage of a transaction depends on national currencies and intermediary relationships. In her example, Alphabank and Betabank could instead use virtual currency only at the settlement layer, while customers continue transacting in local fiat currencies.

The scenario involved a Brazilian company, Alphacorp, making a payment to a Thailand-based company, Betacorp. Cheng explained that the Brazilian real would be withdrawn from the sender’s bank account while the Thai baht would be deposited into the receiver’s account. The challenge, according to her explanation, is how the two banks would settle obligations when they do not share a direct banking relationship.

Example Focuses on Emerging Market Transactions

Cheng stated that this type of system could be particularly useful for banks supporting emerging markets. She explained that it may be difficult to find institutions with correspondent accounts in both Brazil and Thailand, especially when handling less common currency corridors.

According to the explanation, Alphabank could hold XRP while Betabank agrees to accept XRP as settlement for the transaction. The balances would then be recorded on a distributed ledger associated with the Ripple Consensus Ledger.

She further stated that both banks could agree commercially that payment is completed once a certain amount of XRP is transferred from one institution to the other. Cheng added that the banks would effectively determine an exchange rate between XRP and the fiat currencies involved in the transaction.

XRP’s Banking Use Case Continues to Draw Attention

The video excerpt shared by STEPH IS CRYPTO has gained attention within the digital asset community because it discusses XRP in the context of institutional settlement and international banking operations.

Supporters of XRP have long argued that the asset’s primary utility lies in helping financial institutions move value quickly across borders while reducing reliance on pre-funded accounts and multiple intermediaries.

Although the comments referenced a hypothetical example rather than an announced implementation, the clip has renewed interest in XRP’s potential role in cross-border payment infrastructure and bank-to-bank settlement 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 advised to conduct thorough 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.

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]]> Key FedNow Contributor: Precise Method In Which Banks Can Use XRP for Payments https://timestabloid.com/key-fednow-contributor-precise-method-in-which-banks-can-use-xrp-for-payments/ Mon, 04 May 2026 17:02:17 +0000 https://timestabloid.com/?p=103293 A video featuring Jess Cheng, former legal counsel at Ripple and a key contributor to the Federal Reserve’s FedNow payment system, is circulating online. Crypto researcher SMQKE (@SMQKEDQG) posted the clip, which contains a detailed, technical explanation of exactly how banks can use XRP to settle cross-border payments. The Problem XRP Solves Cross-border payments between […]

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]]> A video featuring Jess Cheng, former legal counsel at Ripple and a key contributor to the Federal Reserve’s FedNow payment system, is circulating online.

Crypto researcher SMQKE (@SMQKEDQG) posted the clip, which contains a detailed, technical explanation of exactly how banks can use XRP to settle cross-border payments.

The Problem XRP Solves

Cross-border payments between banks in different countries require a link. Traditionally, that link is a shared account holder, an intermediary with accounts at both banks. Cheng explains that this works when a common account holder “has an account with Alphabank and with Betabank.”

The problem is that this arrangement breaks down in emerging markets. Finding a shared account holder with accounts in, say, Brazil and Thailand is not practical. This is where XRP enters the picture.

How the Mechanism Works

Cheng walks through a concrete example. Alphacorp in Brazil wants to pay Betacorp in Thailand. Brazilian Real will need to leave Alphacorp’s account at Alphabank, and Thai Baht must move into Betacorp’s account at Betabank. The question is how Alphabank and Betabank settle the transaction between themselves.

Her answer is straightforward. If Alphabank holds XRP, and Betabank agrees to receive XRP, the two banks can settle commercially. As Cheng puts it, Betabank receives the full payment from Alphabank upon the transfer of a specified amount of XRP. The XRP balances are recorded on the Ripple Consensus Ledger, a distributed ledger that both banks can reference.

The two banks also implicitly agree on an exchange rate through this process. Betabank determines how much XRP it will accept in exchange for covering the Thai Baht payment to Betacorp. That agreed amount defines the rate.

Why Emerging Markets are Crucial

Cheng is specific about the use case. She identifies banks “supporting emerging markets” as the primary beneficiaries of this structure. Currency corridors between markets like Brazil and Thailand lack the infrastructure that major currency pairs have. Correspondent banking relationships are thin. XRP functions as a bridge where fiat-to-fiat pathways are difficult to establish.

SMQKE’s post highlights this point. Cheng describes a working commercial framework. One where two banks agree bilaterally to use XRP, record balances on a distributed ledger, and settle without a third-party intermediary.

What This Confirms for XRP

The video confirms that XRP’s role in cross-border payments is not limited to retail or institutional speculation. Banks can deploy it at the settlement layer between themselves to move value across currency corridors that lack traditional infrastructure. The mechanism requires no common correspondent. It requires only that both banks hold or agree to accept XRP.

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 advised to conduct thorough 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.

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]]> Ripple Can Plug Into FedNow to Offer XRP Based Services. Here’s the Proof https://timestabloid.com/ripple-can-plug-into-fednow-to-offer-xrp-based-services-heres-the-proof/ Fri, 24 Apr 2026 11:31:21 +0000 https://timestabloid.com/?p=102618 Crypto researcher SMQKE has outlined a perspective on how Ripple’s infrastructure could connect with the Federal Reserve’s FedNow payment system, emphasizing a “plug and play” approach that enables XRP-based services. In the post, SMQKE states that Ripple can integrate into FedNow through existing service providers, allowing institutions connected to the Federal Reserve to access XRP-related […]

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]]> Crypto researcher SMQKE has outlined a perspective on how Ripple’s infrastructure could connect with the Federal Reserve’s FedNow payment system, emphasizing a “plug and play” approach that enables XRP-based services.

In the post, SMQKE states that Ripple can integrate into FedNow through existing service providers, allowing institutions connected to the Federal Reserve to access XRP-related functionalities. The assertion is presented as documented, referencing supporting material included in the attached images.

The materials cited describe how third-party service providers play a central role in enabling connectivity between financial institutions and instant payment platforms.

According to the documentation, these providers act as intermediaries, allowing institutions to access payment networks without building entirely new systems. SMQKE based his claim on this framework that Ripple can integrate into FedNow through similar channels.

Role of Service Providers in Integration

The attached excerpts emphasize that service providers offer financial institutions “easy plug and play” options to connect to payment systems such as FedNow.

These providers facilitate technical integration, allowing institutions to send and receive instant payments while maintaining their existing infrastructure. The documents specifically reference solutions designed to help credit unions and other financial entities access FedNow services efficiently.

SMQKE’s interpretation builds on this structure by positioning Ripple within the same ecosystem. The argument suggests that if service providers already enable connectivity to FedNow, Ripple can leverage these connections to introduce XRP-based services. This approach would allow institutions to adopt additional capabilities without replacing their core banking systems.

The documentation also highlights that broader adoption of instant payment platforms depends on accessibility and ease of integration. By lowering technical barriers, service providers encourage participation from a wide range of financial institutions. SMQKE’s position aligns with this principle, presenting Ripple’s potential integration as an extension of existing connectivity models.

Implications for XRP and Payment Flows

The post further implies that such integration could enable XRP to function within domestic payment infrastructure while supporting cross-border transactions. A comment referenced alongside the post expands on this idea, stating that Ripple’s connection through partners could allow XRP to provide liquidity on domestic rails while facilitating international settlement.

This perspective frames XRP as part of a broader payment flow rather than a standalone system. Institutions could use FedNow for instant domestic transactions while relying on XRP for cross-border transfers, creating a combined structure that addresses different payment needs. The emphasis remains on interoperability and the ability to integrate without significant system overhauls.

The underlying documents reinforce the importance of seamless integration and standardized access to payment networks. They note that financial institutions benefit from solutions that allow them to connect to multiple platforms through a single interface. SMQKE’s argument suggests that Ripple’s technology could operate within this model, offering additional functionality through established channels.

SMQKE’s post presents a structured argument based on documented roles of service providers in the instant payments ecosystem. By highlighting the “plug and play” capabilities described in the materials, the post concludes that Ripple can integrate into FedNow and extend XRP-based services to participating institutions.

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 advised to conduct thorough 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.

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]]> XRP In a Level Playing Field With FedNow and ISO 20022, Says Researcher With Proof https://timestabloid.com/xrp-in-a-level-playing-field-with-fednow-and-iso-20022-says-researcher-with-proof/ Thu, 23 Apr 2026 15:05:18 +0000 https://timestabloid.com/?p=102561 The global financial system is entering a period of rapid transformation. For years, banks and payment providers have struggled with slow settlement times, expensive intermediaries, and outdated infrastructure that creates friction in both domestic and cross-border transactions. As instant payment systems and modern messaging standards expand, the foundation of how money moves is beginning to […]

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]]> The global financial system is entering a period of rapid transformation. For years, banks and payment providers have struggled with slow settlement times, expensive intermediaries, and outdated infrastructure that creates friction in both domestic and cross-border transactions. As instant payment systems and modern messaging standards expand, the foundation of how money moves is beginning to change.

Crypto researcher SMQKE recently brought renewed attention to this shift by arguing on X that FedNow, ISO 20022, and XRP together create “a level playing field” for modern finance. To support the claim, SMQKE shared documents showing how FedNow improves domestic payment efficiency while ISO 20022 strengthens interoperability across the global banking system. In that environment, XRP’s compliance with the same standard gives it strategic relevance.

FedNow Is Reshaping Traditional Banking

FedNow is the U.S. Federal Reserve’s instant payment service launched in July 2023. It allows banks and credit unions to send and receive payments in real time, 24 hours a day, seven days a week. The system uses ISO 20022 messaging standards to support richer payment data and stronger interoperability across financial institutions.

One of the documents shared by SMQKE, sourced from Samaha & Associates, described FedNow as “the first thing to level the playing field since ACH.” The report explained that instant settlement could reduce dependence on paper checks, lower merchant processing costs, and improve funding flexibility for financial institutions.

It also noted that as more transactions move to FedNow, traditional processes such as branch deposits, mobile check deposits, and even wire transfers could lose relevance. For merchants, direct instant settlement could reduce the need for expensive point-of-sale systems and lower interchange fees.

Why ISO 20022 Matters for XRP

The second document, published by nocash.ro, focused on the broader importance of ISO 20022. The standard creates a common language for financial messaging, allowing banks, payment systems, and central bank digital currencies to communicate more efficiently across borders.

The report explained that ISO 20022 could improve interoperability between different CBDCs and help maintain a more balanced global financial system. It specifically highlighted XRP as one cryptocurrency positioned to benefit because of its compatibility with the standard.

Unlike many digital assets built purely for speculation, XRP was designed for payments and liquidity. Its compliance with ISO 20022 allows it to operate alongside centralized financial systems rather than outside them, which strengthens its relevance for institutional use.

FedNow Does Not Directly Use XRP

Despite frequent claims across social media, FedNow does not directly use XRP in its core operations. FedNow processes domestic U.S. payments in dollars through the Federal Reserve’s own infrastructure. Its confirmed connection to XRP lies in shared compatibility through ISO 20022, not direct integration.

SMQKE’s argument focuses on that compatibility. As instant payments and standardized financial messaging become the global norm, XRP supporters believe the asset stands in a stronger competitive position for cross-border liquidity and institutional settlement.

For many investors, that shared infrastructure standard—not direct FedNow adoption—is where XRP’s long-term opportunity truly begins.

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.

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]]> Researcher Says Point Blank: FedNow Will Use XRP https://timestabloid.com/researcher-says-point-blank-fednow-will-use-xrp/ Wed, 22 Apr 2026 20:05:52 +0000 https://timestabloid.com/?p=102504 Global payments continue to evolve as central banks modernize settlement systems to support instant, always-on financial transactions. Financial institutions now prioritize speed, interoperability, and liquidity efficiency over legacy batch processing systems. This shift has intensified speculation around how emerging blockchain technologies might intersect with new payment infrastructures in the United States. That discussion gained fresh […]

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]]> Global payments continue to evolve as central banks modernize settlement systems to support instant, always-on financial transactions. Financial institutions now prioritize speed, interoperability, and liquidity efficiency over legacy batch processing systems. This shift has intensified speculation around how emerging blockchain technologies might intersect with new payment infrastructures in the United States.

That discussion gained fresh attention after researcher SMQKE shared a post on X asserting that FedNow will use XRP. In the post titled “Researcher Says Point Blank: FedNow Will Use XRP,” SMQKE presented XRP as a potential component in the evolving architecture of real-time payments, sparking renewed debate across the crypto community.

FedNow and Its Role in U.S. Payment Modernization

The Federal Reserve launched FedNow in 2023 to enable instant domestic payments between participating financial institutions. The system allows banks and credit unions to settle transactions in real time, eliminating traditional delays associated with clearing and settlement cycles.

FedNow operates entirely within the U.S. banking framework and focuses on domestic payment efficiency rather than cross-border transfers or digital asset integration. The Federal Reserve has positioned the system as a foundational upgrade to the U.S. payments infrastructure, designed to improve liquidity management and reduce settlement friction between institutions.

SMQKE’s Claim and the XRP Narrative

SMQKE’s post introduces a controversial interpretation of XRP’s potential role within broader financial infrastructure. He argues that XRP could function within or alongside FedNow as part of a liquidity optimization layer in real-time settlement systems.

This claim reflects a wider narrative in the crypto industry that positions XRP as a bridge asset capable of connecting disparate financial networks. In this view, blockchain-based liquidity tools complement rather than replace traditional systems, enabling faster movement of value between institutions. However, no official documentation or Federal Reserve statement confirms any direct integration between FedNow and XRP.

How Ripple Technology Enters the Conversation

Ripple’s payment infrastructure focuses on enabling faster cross-border transactions through solutions such as RippleNet and liquidity services that leverage digital asset rails. XRP is a bridge asset in these models, helping financial institutions reduce pre-funded account requirements and improve foreign exchange efficiency.

Industry discussions frequently explore how blockchain liquidity systems might align with real-time payment frameworks. Analysts often note that interoperability layers could let banks run traditional systems like FedNow alongside blockchain-based networks, depending on transaction needs.

Interoperability Remains the Central Theme

The broader financial landscape does not currently indicate direct integration between FedNow and any cryptocurrency network. Instead, it reflects a gradual shift toward interoperability, where multiple payment systems coexist and interact through standardized messaging protocols and settlement frameworks.

This multi-rail structure allows institutions to select the most efficient payment path for each transaction while maintaining compliance with regulatory and operational requirements.

Speculation Versus Verified Integration

SMQKE’s statement represents a strong interpretive position within ongoing discussions about XRP’s institutional relevance. However, there is no confirmed evidence that FedNow directly uses XRP.

What remains clear is the direction of global payment systems. Central banks and financial institutions continue to prioritize real-time settlement, interoperability, and liquidity efficiency. Within that evolving framework, XRP remains part of broader industry speculation about how blockchain liquidity could interact with future financial infrastructure.

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.

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]]> Ripple Treasury Page Directly Confirms Integration With FedNow, XRP Army Reacts https://timestabloid.com/ripple-treasury-page-directly-confirms-integration-with-fednow-xrp-army-reacts/ Fri, 17 Apr 2026 17:31:18 +0000 https://timestabloid.com/?p=102133 Crypto researcher SMQKE has noted material from Ripple’s treasury platform as evidence of a connection with FedNow. In a post on X, SMQKE stated that the “Ripple Treasury website directly confirms integration with FedNow through ClearConnect,” adding that the relationship is “documented.” The post included screenshots from Ripple’s treasury webpage, focusing on descriptions of the […]

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]]> Crypto researcher SMQKE has noted material from Ripple’s treasury platform as evidence of a connection with FedNow.

In a post on X, SMQKE stated that the “Ripple Treasury website directly confirms integration with FedNow through ClearConnect,” adding that the relationship is “documented.” The post included screenshots from Ripple’s treasury webpage, focusing on descriptions of the ClearConnect Gateway and its capabilities.

The images attached to the post show a section of the Ripple Treasury interface labeled “Powered by GTreasury,” alongside explanatory text outlining the role of the ClearConnect Gateway. The material describes the gateway as a tool designed to provide treasury teams and chief financial officers with modern API connectivity, real-time reporting, and access to payment technologies.

Details From the ClearConnect Gateway Description

According to the highlighted sections, the ClearConnect Gateway is presented as an extension of Ripple Treasury’s ClearConnect platform, which launched in 2022.

The text emphasizes that the system enables “instant API connectivity and data integrations into preferred banking partners.” It also states that the architecture is designed for speed and does not require ongoing maintenance once configured.

The screenshots further indicate that the gateway supports multiple payment technologies, explicitly mentioning RTP and FedNow among the options that can be “quickly set up and leveraged.” This reference forms the basis of SMQKE’s claim, as it directly associates FedNow with the available payment rails accessible through the gateway.

Another portion of the material highlights real-time balance and transaction reporting. The platform is described as delivering both current and prior-day financial data, suggesting that it targets corporate treasury operations that require continuous visibility into liquidity and transactions.

Interpretation and Community Response

SMQKE’s post presents FedNow in the documentation as confirmation of an integration pathway rather than a general reference. By pairing the screenshots with a direct statement, the researcher frames the connection as verifiable through Ripple’s own published material.

A response quoted in the thread reflects a more general industry perspective. A user identified as Huda commented that “smart integrations like these show how fintech evolves toward stable, trusted real-time payments that connect systems globally,” adding that it is “progress worth watching.” This remark focuses on the broader implications of interoperability between financial systems rather than the specifics of the claim.

The post does not include additional technical documentation beyond the screenshots, and it does not detail the exact nature of the integration, such as whether it is direct or facilitated through intermediary banking partners. However, the presence of FedNow within the listed payment capabilities of the ClearConnect Gateway remains central to the claim being presented.

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 advised to conduct thorough 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.

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]]> IMF Confirms FedNow Connection to Ripple (XRP) https://timestabloid.com/imf-confirms-fednow-connection-to-ripple-xrp/ Tue, 14 Apr 2026 15:05:53 +0000 https://timestabloid.com/?p=101909 Global payment systems continue to evolve toward real-time settlement, as central banks and private institutions redesign financial infrastructure for speed, interoperability, and 24/7 functionality. In this shifting landscape, attention has increasingly turned to how public payment rails interact with blockchain-based networks and whether both systems can coexist within a unified framework. Crypto commentator SMQKE reignited […]

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]]> Global payment systems continue to evolve toward real-time settlement, as central banks and private institutions redesign financial infrastructure for speed, interoperability, and 24/7 functionality. In this shifting landscape, attention has increasingly turned to how public payment rails interact with blockchain-based networks and whether both systems can coexist within a unified framework.

Crypto commentator SMQKE reignited this discussion by referencing policy interpretations from the Federal Reserve and a system-wide payments diagram published by the International Monetary Fund. The analysis suggests a structural relationship between FedNow’s design philosophy and distributed ledger technologies, including solutions associated with Ripple.

FedNow and the Shift Toward Real-Time Settlement

The Federal Reserve designed FedNow to modernize U.S. payment infrastructure by enabling instant, continuous settlement between financial institutions. Unlike legacy systems that rely on batch processing and business-hour limitations, FedNow operates in real time and provides 24/7 clearing capabilities.

However, the Federal Reserve does not position FedNow as a replacement for private payment networks. Instead, it supports a layered ecosystem where banks, credit unions, and financial intermediaries can integrate proprietary technologies into the settlement process. This structure allows institutions to connect external systems while still settling directly through Reserve Bank accounts.

Intermediaries and Private Sector Integration

Federal Reserve documentation emphasizes the crucial role intermediaries play in broadening access to FedNow services. Financial institutions can route transactions through service providers that build additional functionality on top of the core rail. This design enables private companies to develop parallel payment systems that operate alongside central bank infrastructure.

SMQKE interprets this model as a framework that accommodates private distributed ledger systems. In this view, blockchain networks can function as execution or liquidity layers while final settlement occurs through regulated central bank channels.

IMF Payment Systems Diagram and Ripple Context

The IMF’s global payments architecture diagram adds further context to this discussion. FedNow is categorized under retail payment infrastructure, whereas blockchain-based networks like RippleNet fall under wholesale and cross-border settlement categories, reflecting their distinct roles in the financial ecosystem.

Although the diagram does not explicitly confirm integration, it visually positions distributed ledger systems alongside traditional payment rails. This categorization has led to interpretations that blockchain networks, such as the XRP Ledger, could play complementary roles within evolving payment ecosystems.

Regulatory Compatibility and Blockchain Infrastructure

The XRP Ledger has been developed with institutional use in mind, emphasizing speed, scalability, and regulatory alignment. Its architecture allows financial institutions to experiment with tokenized value transfer while adhering to regulatory frameworks.

At the same time, FedNow’s structure supports hybrid integration models. By allowing institutions to maintain Reserve Bank settlement accounts while deploying external technologies, the system creates space for blockchain-based solutions to function within regulated environments.

Converging Financial Systems

Rather than indicating direct integration between FedNow and Ripple, the broader trend reflects convergence. Central banks continue to build real-time settlement infrastructure, while private companies develop blockchain systems that enhance liquidity, messaging, and transaction efficiency.

SMQKE’s analysis frames this evolution as a shift toward interoperability. In this emerging model, financial systems do not compete for dominance. Instead, they align through layered integration, where blockchain technology and central bank rails operate in parallel to support faster and more efficient global payments.

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.

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]]> How Ripple Gains Indirect Access to FED Master Accounts via FedNow and Finastra https://timestabloid.com/how-ripple-gains-indirect-access-to-fed-master-accounts-via-fednow-and-finastra/ Sun, 18 May 2025 06:05:03 +0000 https://timestabloid.com/?p=67555 Crypto researcher SMQKE highlights a critical development in the evolving landscape of U.S. payment systems, focusing on how Ripple gains indirect access to Federal Reserve Master Accounts. In a detailed breakdown, SMQKE explains how Ripple, a fintech company that does not qualify for direct access to these accounts, leverages its partnership with core banking provider […]

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]]> Crypto researcher SMQKE highlights a critical development in the evolving landscape of U.S. payment systems, focusing on how Ripple gains indirect access to Federal Reserve Master Accounts.

In a detailed breakdown, SMQKE explains how Ripple, a fintech company that does not qualify for direct access to these accounts, leverages its partnership with core banking provider Finastra to integrate into the FedNow Service.

Understanding the Federal Reserve Master Account Limitation

Federal Reserve Master Accounts are central to the U.S. payment infrastructure, enabling institutions to settle transactions in central bank money through systems such as Fedwire and FedNow.

These accounts are tightly regulated and reserved exclusively for licensed depository institutions. Fintech firms, including Ripple, are not eligible for direct access due to regulatory requirements, making indirect access the only viable route for participation in central bank settlement.

Finastra’s Integration with FedNow and Role as a Bridge

According to SMQKE, Ripple circumvents the Master Account restriction through its strategic partnership with Finastra, a leading provider of core banking technology. Finastra is integrated with the FedNow Service and serves as an intermediary between private payment services and the Federal Reserve’s settlement infrastructure.

The diagram shared by SMQKE shows Finastra Total Messaging facilitating connections between Ripple, Mastercard, and Thunes, enabling routing of payment messages across compliant channels.

Liquidity Management Tool as the Key Enabler

A central element of this structure is the FedNow Liquidity Management Tool (LMT). This tool allows for the transfer of funds between Federal Reserve Master Accounts and joint accounts that support private sector payment services. As SMQKE points out, this feature allows Ripple’s payment flows to settle through banks that do have Master Accounts, even though Ripple itself does not.

The LMT enables service providers authorized by FedNow participants to initiate liquidity transfers. This mechanism makes it possible for firms like Ripple to participate in real-time settlement via banks that maintain direct access, effectively embedding their services into the central bank system without violating regulatory boundaries.

Interoperability through ISO 20022 Standards

FedNow’s support for ISO 20022 messaging is another key factor emphasized by SMQKE. This global standard ensures that structured data can move seamlessly across compliant financial platforms.

Because Ripple’s infrastructure is ISO 20022 compatible, its XRP-based payment systems are interoperable with FedNow’s real-time messaging requirements. This compatibility supports seamless integration of blockchain-based payments into the traditional banking system.

SMQKE’s analysis underscores the significance of Ripple’s positioning within this ecosystem. By aligning with Finastra and utilizing the FedNow LMT, Ripple participates in settlement processes using central bank reserves, despite lacking direct Federal Reserve access

This model enhances Ripple’s reach in the U.S. payments space and illustrates how private fintech firms can legally and technically integrate with sovereign financial infrastructures through strategic partnerships and regulatory-compliant frameworks.

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.

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]]> Uphold Confirms FedNow Processes XRP Transactions To US Bank Accounts https://timestabloid.com/uphold-confirms-fednow-processes-xrp-transactions-to-us-bank-accounts/ Fri, 05 Apr 2024 03:36:51 +0000 https://timestabloid.com/?p=32605 Uphold, a digital asset platform based in the U.S., sent ripples through the XRP community on April 4, 2024, by confirming that FedNow processes XRP transactions for instant USD withdrawals for US users with compatible banks. This news follows speculation ignited by a community member on April 3 regarding a possible link between Uphold, XRP, […]

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]]> Uphold, a digital asset platform based in the U.S., sent ripples through the XRP community on April 4, 2024, by confirming that FedNow processes XRP transactions for instant USD withdrawals for US users with compatible banks. This news follows speculation ignited by a community member on April 3 regarding a possible link between Uphold, XRP, and FedNow.

The initial excitement stemmed from a social media post detailing an unusually fast XRP withdrawal from Uphold to a user’s bank account. The mention of “FedNow” within the payment description fueled speculation of FedNow’s involvement which was still unannounced.

Read Also: David Schwartz Addresses 10 Common Misconceptions About Ripple and XRP 

This resonated with the XRP community for two key reasons. Firstly, XRP’s core strength lies in facilitating rapid cross-border payments, aligning perfectly with FedNow’s focus on instant settlements. Secondly, the potential involvement of FedNow in processing an XRP transaction sparked hopes of broader adoption of the digital asset within traditional financial systems.

Further reports from other XRP community members corroborated the initial claim, solidifying the possibility of a genuine connection. Chad Steingraber, A prominent community figure, explained, pointing to Ripple’s existing partnership with Uphold. He said this is aimed at enhancing Uphold’s cross-border payment infrastructure.

Steingraber theorized that Ripple Payments might be leveraging the FedNow network through Uphold to enable instant XRP deposits into US bank accounts. However, he pointed out that FedNow doesn’t utilize XRP for core transaction processing.

What’s Next In This New Partnership?

While Uphold’s confirmation is a significant development, some aspects require further examination. One key question lies in how Uphold is utilizing the FedNow network. Steingraber’s explanation suggests Ripple Payments as an intermediary, but official confirmation from Uphold or Ripple is necessary.

Another area to watch is XRP’s potential role within the FedNow network. While XRP’s functionality aligns with FedNow’s goals, Uphold’s confirmation doesn’t necessarily imply that FedNow is building on XRPL or planning anything for XRP.

Read Also: Uphold Opens the Door of XRP Payments for Ripple in the United States. Here’s how

This announcement also shows the ongoing interest in building bridges between cryptocurrencies and traditional finance. Many see FedNow’s involvement as a sign of XRP breaking into traditional financial systems and institutions.

Uphold’s confirmation offers a potential glimpse into a future where cryptocurrencies like XRP can be seamlessly integrated with existing financial infrastructure, potentially leading to faster and more efficient transactions.

The XRP community has benefited greatly from Uphold’s partnership with Ripple, and this development presents exciting possibilities. As more information comes to light, we’ll gain a clearer understanding of the potential benefits for XRP, Uphold, FedNow, and the future interaction between cryptocurrency and traditional finance.

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The post Uphold Confirms FedNow Processes XRP Transactions To US Bank Accounts appeared first on Times Tabloid.

]]> FedNow Processed Money Transfer Into U.S. Bank Account Using XRP Transaction https://timestabloid.com/fednow-processed-money-transfer-into-u-s-bank-account-using-xrp-transaction/ Thu, 04 Apr 2024 06:21:21 +0000 https://timestabloid.com/?p=32506 A recent post by XRP community member Crypto Value Hunter (@majesticboss55) on X has sparked discussions about the possible utilization of the FedNow network for XRP transactions. Crypto Value Hunter reported that an XRP withdrawal from his Uphold account to his bank account was settled instantaneously, prompting him to investigate the entity responsible for the […]

The post FedNow Processed Money Transfer Into U.S. Bank Account Using XRP Transaction appeared first on Times Tabloid.

]]> A recent post by XRP community member Crypto Value Hunter (@majesticboss55) on X has sparked discussions about the possible utilization of the FedNow network for XRP transactions.

Crypto Value Hunter reported that an XRP withdrawal from his Uphold account to his bank account was settled instantaneously, prompting him to investigate the entity responsible for the swift processing.

Read Also: Is Ripple Dumping XRP? David Schwartz Clears the Air Amid Millions of XRP Moved by Ripple

The payment description shows that FedNow, the instant payment system launched by the Federal Reserve Bank in the U.S., allegedly facilitated the transaction. Uphold has been a major supporter of XRP and partner of Ripple but the involvement of FedNow adds an intriguing layer of complexity to the situation.

This revelation generated a wave of optimism within the XRP community, primarily due to two factors. Firstly, the near-instantaneous settlement of the transaction aligns with one of XRP’s key strengths – its ability to facilitate rapid cross-border payments. Secondly, the potential involvement of FedNow in processing an XRP transaction has ignited speculation about the wider adoption of XRP within the traditional financial system.

Chris Gates (@chrisgatesjr), another XRP community member, indicated he had also experienced instant settlements for similar XRP transfers. This further fueled the discussion, with a U.S. Navy Veteran adding that this could represent a significant development for the digital asset. He believes global integration and adoption could happen much faster than many expect.

Community Figure Offers Speculative Explanation

Prominent XRP community member Chad Steingraber (@ChadSteingraber) offered a possible explanation for the apparent link between XRP, Uphold, and FedNow. Steingraber pointed to Ripple’s existing partnership with Uphold, designed to enhance the crypto exchange’s cross-border payment infrastructure.

Based on this partnership, Steingraber theorized that Ripple Payments might be leveraging the FedNow network through Uphold to enable instant deposits of XRP into U.S. bank accounts. However, Steingraber acknowledged that FedNow likely does not utilize XRP for its core transaction processing functionality.

Read Also: Top Crypto Proponent Discusses What Could Happen If XRP ETF Is Approved

Important Clarification Regarding Ripple and FedNow

It’s crucial to clarify a potential misconception regarding the connection between Ripple and FedNow. While Volante Technologies, a partner of Ripple, was involved in the initial testing phase of the FedNow network, there is no current indication of an ongoing partnership between Ripple and the Federal Reserve Bank specifically related to XRP utilization within the FedNow system.

While these claims require further verification, the incident highlights the ongoing interest in potential bridges between the cryptocurrency world and traditional financial institutions.

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