The Federal Reserve Bank of Atlanta has highlighted Ripple's business model and the use of XRP for cross-border settlements in its latest report on Web3 and financial services. The report also mentions the growing adoption of blockchain technology among public institutions such as central banks and highlights Project Mariana, a proof of concept for more efficient cross-border settlements. While the report does not explicitly state that the Atlanta Fed plans to use XRP for settlements, it underscores the growing attention XRP is receiving from public institutions. Ripple has also recently rolled out its CBDC platform, which central banks can leverage to develop their digital currencies.
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Federal Reserve Bank of Atlanta Report Highlights Ripple's Use of XRP for Cross-Border Settlements in Web3 Era
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