Ripple’s XRP Gets Nod in IIF’s BIS Response—A Quiet Win for Crypto in the Cross-Border Payments War

While traditional finance giants draft yet another report about ’modernizing’ payments, Ripple’s XRP sneaks into the IIF’s official response to the Bank for International Settlements. Guess which one actually moves money in under 3 seconds?

The Institute of International Finance—a consortium of 400+ banks—just tacitly endorsed crypto’s role in cross-border flows. No champagne popping in Basel though—BIS bureaucrats still think blockchain is a ’risk.’

Funny how legacy systems lose $1.6 trillion annually to slow settlements... but sure, let’s keep ’studying’ the problem.

Post the historic win of Ripple in the Ripple vs SEC case, Ripple’s blockchain payment system and its native token XRP are getting fresh global recognition. The Institute of International Finance (IIF) recently highlighted XRP as a faster and cheaper alternative for moving money across borders, especially in areas underserved by traditional banks. XRP acts as a bridge asset, enabling near-instant settlements without relying on multiple banking intermediaries.

IIF Mentions Ripple in BIS Response

In this January consultation with the BIS, the The Institute of International Finance (IIF) responded how to bolster crossborder payments. The mention #XRP on #Ripple’s network as an alternative rail. Also mention stablecoins, though #RLUSD was likely too new for consideration. pic.twitter.com/LD9Wk12F5M

According to the popular crypto analyst WrathofKahneman (WOK), this recognition came through the IIF’s feedback to a January 2025 consultation held by the Bank for International Settlements (BIS), under the G20’s roadmap to improve global payments. In this document, Ripple and XRP were acknowledged for offering a new kind of infrastructure for value transfer, breaking away from the delays and high costs of the traditional banking model.

Stablecoins Get a Nod — But Not RLUSD Yet

The IIF’s paper also touched on the role of stablecoins like USDC from Circle, PayPal’s PYUSD, and Coinbase’s Base blockchain, all noted for enabling fast, affordable international payments. However, Ripple’s stablecoin RLUSD didn’t make the list, most likely because it had just launched in December 2024, shortly before the document was submitted. Since then, RLUSD has been integrated into Ripple Payments, adding more utility to Ripple’s suite of tools.

Ripple’s Wider Recognition Keeps Growing

This isn’t the first time Ripple and XRP have gotten praise. Last year, Mastercard spotlighted SBI Remit, a Ripple partner, for using XRP in remittances. XRP was also highlighted in a World Bank report and mentioned by both the IMF and World Economic Forum as a useful tool for unlocking capital tied up in outdated financial systems. Even Morgan Stanley has named Ripple a potential SWIFT alternative.

Although RLUSD missed the spotlight this time, Ripple and XRP are gaining momentum in international finance. With institutional recognition growing and blockchain adoption accelerating, Ripple’s cross-border payment tech is no longer flying under the radar.