Ripple (XRP) will play a key role in instant payments, what the Fed thinks:

Within the FedNow system, the Federal Reserve's internal division, completely dedicated to instant payments, has been launched. This news sparked strong interest in the financial markets, caused by an official report that seems to have underscored the importance of Ripple crypto in the area of instant payments.

It is a significant step toward accelerating payments in the U.S., and this has aroused very strong interest in the topic of blockchain and cryptocurrencies.

It has emerged that XRP will be implemented to facilitate the blockchain part of the Fednow payment service, this further confirms the important value of XRP's position in the world of cryptocurrencies and financial technologies.

This crypto will soon become the main vehicle for ensuring the efficiencies and transparency of their payment infrastructure based within the blockchain. On the other hand, XRP seems perfect for this task, due to its speed in transactions and liquidity features it represents not only the ideal but also the most suitable choice.

Also don’t forget that behind Ripple, the company continues to invest heavily in devolping its ecosystem. Its principal objective is to increase the intrinsic value of its currency and trading techonolies, for reach a new level on the cryptocurrency. The company behind, recently partnered with MoneyGram, an international money transfer service. The service inside like xRapid and xCurrent can be usefull to settle international transactions faster and much chepaer than using a traditional methods. the partnership has brought benefits on both sides. MoneyGram starts to use speed offered by XRP products, meanwhile Ripple takes advantages of the adoption possibility by Money Gram users.

All is good and perfect, but in fact why the price hasn't gone up much?

XRP remains the third largest in the industry at 0.3165 dollar about, you can see the market of this token under in the last period:

Yield not bad in the long run, seeing especially a positive curve from 90 days onward. Slight loss during this month of September but does not seem to be of much concern given the performance of many other similar cryptos.

All is possible But soon hope will be exhausted, the crypto can go up maybe when the partnership gains more strength and go more deeper, but for now it seems really difficult for any disruption to happen in the short term.

Personally, I see the FedNow project as an attempt by financial institutions to increase control over digital payments. Although the system promises instant, secure and low-cost transactions, I wonder if we are really witnessing a revolution or rather an illusion of progress under the veil of centralized control.

The Fed so is trying to take advantage of the advantage of cryptocurrencies, it remains a nationwide project and not a global one, so perhaps with little impact in the global crypto market.

In Conclusion:

It is also true that the Federal reserve project is only just beginning; it is all to be discovered what this new partnership, which is laying the foundation for the new era of instant payments, will lead to. The token has been going positively for a year, now with a return of about 20%, at this time and after all these collapses to me sincerely looks like good data, symptom of a strong token behind it that tomorrow can have its say in the big crypto market.

Bicci