XRP Rumored as France’s Pick for Digital Currency
As per rumored reports, France is venturing into new financial territory, with Ripple (XRP) at the forefront of its digital euro approach. The country’s central bank, Banque de France, is setting the pace, considering XRP’s technology integral to its cryptocurrency endeavors. The bank began in 2021, marked by successful Central Bank Digital Currency (CBDC) testing within a secure environment associated with TARGET2-Securities, a European Central Bank platform. This development was a stepping stone, sparking interest in the potential of XRP technology for national infrastructure.
Edo Farina, known in the XRP community, recently broke the news on X, amplifying the buzz around this innovative step. The central bank’s interest has been around for a while, as an earlier paper sheds light on their stance. The document, focusing on real-time settlement via decentralized ledger technology, mentions XRP as a pivotal “virtual currency.” This role is crucial for bridging various currency pairs, simplifying global transactions, and streamlining the payment process.
XRP Bridges Currencies for Efficient Transactions
The paper goes beyond mere acknowledgment, exploring XRP’s practical aspects in the financial sector. It envisions banks as liquidity providers, using XRP for currency exchange. Here, XRP emerges as a bridge, connecting different currencies within a payment-versus-payment system. This method seeks to ensure transaction efficiency, real-time settlement, and transparency.
Such a system redefines foreign exchange transactions, optimizing payment settlements. It proposes a shift from traditional networks to a transparent ledger technology-based coordination. The benefit is to enhance financial dealings between banks, devoid of the usual complexities.
XRP’s New Milestone in Gaming Commerce
The XRP token, Ripple’s brainchild, isn’t just gaining attention in banking. It’s making headlines, with potential integration into Xsolla’s operations, a global gaming commerce leader. Accepting XRP as payment opens new doors, highlighting its relevance in gaming.
Moreover, Ripple’s technology caught the eye of the National Bank of Georgia, evident from its recent shortlisting for a CBDC project. These advancements underscore the expanding influence of XRP beyond traditional financial boundaries.
Read Also: XRP Price Prediction As $0.5 Breakdown Hint Further Correction Ahead
- ‘I’m Going Bonkers’: Dave Portnoy Says He’ll Buy XRP Again If It Dips Below This Level
- BitMine’s Tom Lee Calls Dip Golden Opportunity as Trump Sets Meeting With China on U.S. Tariffs
- Pi Network Set for Massive Growth as App Studio Upgrade Expands Pi Coin Utility
- US Shutdown Beyond 40 Days To Delay Crypto ETF Approval, But Demand Spikes
- OpenSea Set to Reward Investors With Massive SEA Token Airdrop Ahead of Q1 2026 Launch
- Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016?
- Ethereum (ETH) Price Prediction: Analyst Eyes $7,000 by Q4 as Bitmine Accumulates $281M ETH — Will History Repeat Itself?
- HYPE Price Teeters Amid Weak Technicals and Soaring Liquidations
- XRP Price Prediction As Ripple Announces $1B Treasury Plans – Is a Rebound Imminent?
- Bitcoin Price Prediction Amid Gold’s Parabolic Rally to Second-Largest Reserve Asset
- 3 Altcoins Defying the Market Momentum In October 2025
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
