The Fed is building competition for XRP’s core payments use case into the FedNow banking system

The market may be pricing XRP through an outdated lens. Over the past several days, the most consequential development around XRP has come from outside crypto. On April 8, the Federal Reserve proposed allowing U.S. banks and credit unions to use intermediaries through the FedNow Service, a change the central bank said could support private-sector cross-border payment solutions. In the Fed’s own proposal details, the …