There are currently a viral rumor going in the crypto community especially on X, formerly Twitter, that the United States (U.S.) Federal Reserve is using Ripple’s XRP for all payments via its FedNow instant payment system.
The post claimed that the U.S. Federal Reserve is utilizing Ripple’s XRP through the FedNow payment system, Faste Payments, and Volante’s cloud payment solutions. The user asserted, “Not a test. Not a rumour. 100% confirmed.”
🚨 BREAKING: The @federalreserve is USING @Ripple ($XRP) via FEDNOW, @Faster_Payments and @volantetech?! 💥
— Crypto X AiMan (@CryptoXAiMan) June 18, 2025
Not a test. Not a rumor. 100% confirmed. 💣
This could be the BIGGEST moment in XRP history. 👀👇#XRP #Ripple #Crypto #FED #XRPArmy pic.twitter.com/pC6TroVniW
FedNow, Faster Payment and Volante's Cloud Payment
These are the definitions, explanations and how these payment systems work. It'll help you to understand better how the Federal Reserve is indirectly connected to Ripple's XRP.
FedNow
Launched in 2023, it is a real-time payment system run by the U.S. Federal Reserve. FedNow lets banks and credit unions send and receive money instantly through paying bills or transferring cash.
The payment system is more like a super-fast highway for moving money. The flexible and instances make payments quicker and more convenient than traditional methods that take days.
Faste Payments
Faster Payments is a UK-based system launched in 2008 for the purpose of allowing near-instant money transfers between bank accounts any time, day or night.
The payment system is run by Pay.UK, and supports payments up to £1 million, that can be made online, by phone, or via mobile app.
The payment system is designed for both individuals and businesses. The payment system is more like texting money—fast, secure, and available immediately or within a couple of hours.
Volante’s Cloud Payments
Volante Technologies offers a cloud-based payment solution that helps banks process transactions fast and securely. It supports multiple payment systems, like FedNow, RTP, and even cross-border payments using technologies like Ripple.
It’s like a smart, flexible tool that makes it easier for banks to handle all kinds of payments in one place. In a nutshell, FedNow, Faster Payments, and Volante’s Cloud Payments all focus on fast, real-time money transfers.
While FedNow (U.S.) and Faster Payments (UK) enable instant bank transactions 24/7, Volante’s Cloud Payments support by helping them process these and other payments efficiently.
Is Federal Reserve Using XRP for All Payments?
No, U.S. Federal Reserve Is Not Using XRP for All Payments. Although, Volante Technologies has integrated Ripple’s blockchain for cross-border payments via its cloud-base payment system.
The fact that the company is a key partner in the FedNow pilot program, and has just integrated XRP for cross-border remittance, people begin to speculate that the Federal Reserve is adopting XRP for all payments.
Meanwhile, it's important to note that while there's no official confirmation from Federal Reserve that they're directly using XRP for all payments, Volante’s cloud-base payment system integrates various technologies, such as SWIFT, Ripple, and digital currencies, to offer adaptable back-end tools for financial institutions including the U.S. Federal Reserve.
Notably, while FedNow has already adopted the ISO 20022 messaging standard since its launch to enabled instant payments with richer, and structured data for better interoperability and efficiency, Fedwire Funds Service, a real-time gross settlement system operated by the U.S. Federal Reserve Banks, is adopting the ISO 20022 messaging standard on July 14, 2025.
If the adoption is successful, it'll replace the payment system's proprietary Fedwire Application Interface Manual (FAIM) format to enhance payment efficiency, data richness, and global interoperability.
With FedWire, financial institutions can transfer large-value funds instantly and securely. The payment system is being used to process trillions of dollars daily for transactions like corporate settlements and interbank transfers.
FedWire, when it fully adopt the IOS 20022 messaging standard, and FedNow will both use the same global standard to further streamline domestic payment processing, enhance data transparency, improve compliance and fraud detection across U.S. financial systems, reduce errors and boost efficiency for banks and businesses.
However, the fact that Volante gets involved in the FedNow payment system supports the idea that blockchain can play a bigger role in credible financial systems.
But connecting this to XRP as a global payment currency is just a speculation. Therefore, the claim by that X poster that "the @federalreserve is USING @Ripple ($XRP) via FEDNOW, @Faster_Payments and @volantetech" is overstated and lacks official confirmation.
