Google Backs Ripple’s XRP as the Global Bridge Currency—Banks Grudgingly Take Notes

In a move that’s either visionary or painfully obvious—depending on who you ask—Google has thrown its weight behind Ripple’s XRP as the de facto world bridge currency. The tech giant’s endorsement could finally push cross-border payments into the 21st century, assuming legacy banks don’t drag their heels (again).

Why XRP? Speed, cost, and scalability. While traditional SWIFT transfers lumber along like fax machines, Ripple’s tech settles transactions in seconds for fractions of a cent. Google’s nod might just be the credibility boost crypto needs to go mainstream—or another fleeting hype cycle for traders to exploit.

Of course, Wall Street will spin this as ’strategic adoption’ after years of dismissing crypto as a toy. Funny how a trillion-dollar tech giant changes the narrative overnight.

Why is Google AI Promoting XRP as World Bridge Currency?

According to Google’s AI-generated snippet, “A bridge currency acts as an intermediary between two different currencies or financial systems, facilitating transactions that WOULD otherwise be complex or difficult.” It further highlighted, “Traditionally, the US dollar has played this role in international trade, but cryptocurrencies like XRP are emerging as potential bridge currencies.”

This AI summary reflects a growing sentiment in fintech circles that crypto assets may offer faster, cheaper alternatives to traditional banking systems. XRP, in particular, is praised for its efficiency in cross-border transfers, which is crucial for international remittances and settlements.

Another AI-generated result adds, “The term ‘bridging currency’ is used to describe a currency, like XRP, that is used to facilitate cross-border payments between different countries or fiat currencies.” It spotlights XRP’s role “to make international transactions easier and faster.”

These AI-generated results have taken information from Binance, LinkedIn and 21Shares pointing out XRP is on track to become a commonly used digital payment system worldwide. Even though Google does not officially back any particular crypto, the high amount of results, including XRP in its AI search summaries may sway public and industry views. 

As laws on crypto assets become clearer with the CLARITY Act, FIT21, and other bills, XRP’s presence in frontline platforms can help it be an important part of the global finance industry in the future. However, it is not clear if XRP will function as a global bridge currency instead of or besides the US dollar, yet Google’s note highlights its potential.

Also Read: Meta Says No to Bitcoin Treasury, Is Ripple’s XRP on Cards?