In a recent tweet, crypto researcher SMQKE highlighted renewed attention to a documented collaboration between Ripple and prominent financial authorities, most notably the Federal Reserve. Attached to the tweet is an excerpt from a published academic or industry source detailing Ripple’s engagement with central banks and financial institutions between 2013 and 2017. The document confirms that by 2015, several leading central banks and monetary authorities were examining or participating in Ripple’s initiatives, particularly those related to updating domestic payment systems. Among these entities were the Federal Reserve, the Bank of England, and the Saudi Arabian Monetary Authority. The Federal Reserve is explicitly mentioned as having engaged in a collaboration connected to domestic payments updating, and this is presented as a matter of documented fact. Yes, Ripple collaborated with the Federal Reserve to update domestic payments. Documented. pic.twitter.com/HEm4fEpWu6 — SMQKE (@SMQKEDQG) July 30, 2025 Context of the Collaboration and Industry Dynamics The cited text outlines the broader context of the payment industry’s transformation due to blockchain innovations. It explains that by 2015, centralized infrastructure for cross-border payments, like SWIFT , was increasingly considered outdated. Institutions and regulators began investigating alternatives. In this context, Ripple emerged as a prominent player with blockchain-based solutions to improve payment efficiency. The collaboration between Ripple and the Federal Reserve is presented as part of this shift. Other national authorities, such as the Bank of England and the Saudi Arabian Monetary Authority, also reportedly worked with Ripple on payment modernization efforts. These interactions are noted alongside references to Ripple’s engagement in global conferences and policy forums, including SWIFT’s SIBOS and Money2020, where Ripple executives were featured participants. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Ripple’s Industry Integration and Capital Backing The text also references Ripple’s broader industry presence, particularly through its venture capital funding. Between 2013 and 2017, Ripple secured $93.6 million across nine funding rounds. Notably, one of these rounds was led by Santander InnoVentures, which is associated with Banco Santander. That bank later implemented Ripple’s technology for retail cross-border payments. This institutional backing further reinforced Ripple’s position as a viable infrastructure provider in the emerging blockchain payments landscape. Ripple’s increasing visibility is also evidenced by its hosting of the annual SWELL conference in 2017. The event featured prominent keynote speakers, including former Federal Reserve Chair Ben Bernanke and former U.S. President Bill Clinton. This signals the company’s rising stature in both financial and policy arenas. The Role of XRP Price Appreciation in Institutional Interest The document also highlights the influence of XRP’s market performance on institutional interest. It states that the rise in XRP’s price in late 2017 helped attract attention from financial institutions. An informant cited in the text remarked that at that time, Ripple’s valuation exceeded that of nearly every bank on the planet, except possibly twenty. This rapid increase in perceived market value reportedly increased inbound interest in Ripple’s solutions. This observation is presented not merely as a speculative opinion but as a noted factor in Ripple’s growing relevance to institutions. The price momentum of XRP during that period coincided with broader industry awareness and likely contributed to Ripple’s ability to initiate or expand collaborations with central banks and other financial authorities. 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. Follow us on X , Facebook , Telegram , and Google News The post New Document: Ripple Collaborated with Fed to Update Domestic Payments appeared first on Times Tabloid .
