FedNow Contributor Explains How Banks Could Use XRP

TimesTabloidMay 203 min readSingle source

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She described XRP as a digital asset native to the Ripple Consensus Ledger and explained that it could help bridge settlement gaps between financial institutions operating in different jurisdictions.
Example Focuses on Emerging Market Transactions Cheng stated that this type of system could be particularly useful for banks supporting emerging markets.
She explained that it may be difficult to find institutions with correspondent accounts in both Brazil and Thailand, especially when handling less common currency corridors.
The balances would then be recorded on a distributed ledger associated with the Ripple Consensus Ledger.
The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion.

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Crypto analyst STEPH IS CRYPTO has shared comments from FedNow contributor Jess Cheng that described how banks could reportedly use XRP to facilitate cross-border settlements without relying on traditional intermediary banking relationships. In a recent tweet, STEPH IS CRYPTO described the remarks as significant, writing that Cheng explained “how banks could use XRP for cross-border settlement” in what was described as an “off-the-record” video. The post focused on Cheng’s explanation of how financial institutions could use XRP as a bridge asset between two separate banking systems. The comments centered on a hypothetical scenario involving two institutions, Alphabank and Betabank. According to Cheng, banks often rely on a common account holder or intermediary institution to move funds across borders. However, she said there may be another option that removes the need for that arrangement. CRAZY: FedNow contributor Jess Cheng reportedly explained in an “off-the-record” video how banks could use $XRP for cross-border settlement. pic.twitter.com/b7IubtW1Qx — STEPH IS CRYPTO (@ ) May 18, 2026 XRP Presented as a Bridging Tool Between Banks During the explanation, Cheng said banks could use XRP as a “bridging tool” to connect payment systems directly. She described XRP as a digital asset native to the Ripple Consensus Ledger and explained that it could help bridge settlement gaps between financial institutions operating in different jurisdictions. Cheng contrasted the XRP-based process with traditional fiat-based payment chains, where every stage of a transaction depends on national currencies and intermediary relationships. In her example, Alphabank and Betabank could instead use virtual currency only at the settlement layer, while customers continue transacting in local fiat currencies. The scenario involved a Brazilian company, Alphacorp, making a payment to a Thailand-based company, Betacorp. Cheng explained that the Brazilian real would be withdrawn from the sender’s bank account while the Thai baht would be deposited into the receiver’s account. The challenge, according to her explanation, is how the two banks would settle obligations when they do not share a direct banking relationship. Example Focuses on Emerging Market Transactions Cheng stated that this type of system could be particularly useful for banks supporting emerging markets. She explained that it may be difficult to find institutions with correspondent accounts in both Brazil and Thailand, especially when handling less common currency corridors. According to the explanation, Alphabank could hold XRP while Betabank agrees to accept XRP as settlement for the transaction. The balances would then be recorded on a distributed ledger associated with the Ripple Consensus Ledger. We are on X, follow us to connect with us:- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 She further stated that both banks could agree commercially that payment is completed once a certain amount of XRP is transferred from one institution to the other. Cheng added that the banks would effectively determine an exchange rate between XRP and the fiat currencies involved in the transaction. XRP’s Banking Use Case Continues to Draw Attention The video excerpt shared by STEPH IS CRYPTO has gained attention within the digital asset community because it discusses XRP in the context of institutional settlement and international banking operations. Supporters of XRP have long argued that the asset’s primary utility lies in helping financial institutions move value quickly across borders while reducing reliance on pre-funded accounts and multiple intermediaries. Although the comments referenced a hypothetical example rather than an announced implementation, the clip has renewed interest in XRP’s potential role in cross-border payment infrastructure and bank-to-bank settlement systems. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X, Facebook, Telegram, and Google News The post FedNow Contributor Explains How Banks Could Use XRP appeared first on Times Tabloid.

Integrity note · Xela does not rewrite or paraphrase article content. The excerpt above is the source publication's own words, sanitized for display. For the full piece — including any quotes, charts, or images — read it at TimesTabloid. Xela's rewritten version is off for this story, so there's no editorial angle attached — you're getting the source's reporting unfiltered. When the rewrite is on, we add a What this means block underneath with the operator/trader takeaway.

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Bitcoin stabilizes near $63,000, but reclaiming $64,000 is the real test Bitcoin is stabilizing near $63,100 after buyers defended the lower part of its recent range. That is constructive, but it is not yet a confirmed recovery. BTC must first overcome resistance near $63,175-$63,270, while reclaiming and holding $64,000-$64,095 remains the more important test. Key takeaways for Bitcoin traders and investors Current position: BTC is holding above the previous month’s lower value boundary near $62,380. Immediate resistance: Buyers need to clear $63,130-$63,175, followed by $63,247-$63,270. Main recovery test: A sustained reclaim of $64,000-$64,095 would carry much more weight than a temporary bounce near $63,000. Major support: The broader $62,380-$62,535 region remains the most important defended zone. Bullish confirmation: Repeated closes, consolidation or a successful retest above $64,095 would show that Bitcoin is beginning to establish higher accepted value. 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