The Fed is building competition for XRP’s core payments use case into the FedNow banking system
CryptoSlate
The Federal Reserve's proposal to allow intermediaries in FedNow threatens XRP's value proposition by modernizing traditional cross-border payment systems.Summary
The Federal Reserve is proposing changes to its FedNow Service that would allow banks to use intermediaries for international transactions, directly competing with XRP's core utility as a bridge asset for cross-border payments. By reducing friction, costs, and delays within traditional banking infrastructure, the Fed—alongside similar initiatives by Swift—is addressing the same pain points that once supported the bullish case for XRP. As legacy systems modernize to provide faster and more transparent services, the scarcity of the problem XRP was designed to solve diminishes, potentially forcing a re-evaluation of its strategic market premium.
(Source：CryptoSlate)