Ripple’s XRP enabled for FedNow payments via Volante integration

XRP can technically reach the same plumbing as FedNow, thanks to a payments infrastructure company called Volante Technologies. The Federal Reserve hasn’t endorsed XRP for anything, and the connection is about as direct as saying your car is “integrated” with NASA because they both use GPS. Crypto researcher SMQKE spotlighted the relationship on August 23, drawing attention to the fact that Volante, which processes transactions for seven of the top ten US banks, connects institutions to both FedNow and Ripple’s network on a single platform. The implication, amplified across crypto media, is that XRP now powers FedNow payments. The truth is more interesting, and considerably less dramatic. What Volante actually does Volante Technologies is a cloud-based payments infrastructure provider that acts as a universal adapter for financial institutions. Think of it as a power strip that lets banks plug into multiple payment networks simultaneously: FedNow, RTP, Fedwire, SWIFT, and yes, Ripple. The company launched its Ripple integration back in October 2015. By 2016, Volante had added a Ripple solution to its VolPay Foundation platform. And in June 2020, Volante confirmed that its platform ...