This Strong Wire Can Connect XRP With Elon Musk's X-Money

robot
Abstract generation in progress

There is a wire that can indirectly connect Elon Musk's X-Money payment system with XRP, turning this digital asset into one of the tools for its success. Cross River Bank is said to hold all bank accounts related to this payment system. Good news for the XRP community is that Cross River Bank has been a partner of Ripple since 2014, providing real-time international payment services. This connection was announced to the community by Amelie (@_Crypto_Barbie), a prominent cryptocurrency supporter on X, highlighting the role of this bank in the development of X-Money.

Musk recently confirmed that a limited beta version of the payment system will be launched soon. For many in the XRP community, this is an important moment, as they have long advocated for the use of XRP in Musk's financial platforms. The presence of banking infrastructure supporting Ripple at the core of X-Money raises new questions about the potential for XRP to become part of the global payment functionality that Musk is building. The Relationship of Ripple with Cross River Bank Ripple's collaboration with Cross River Bank began in September 2014, when the bank announced the adoption of the Ripple protocol to provide real-time international payment services. According to a blog post published by Ripple, Cross River Bank became one of the first banks in the United States to integrate the Ripple network. The goal is to provide instant, secure, and compliant cross-border transactions, especially between the United States and Western Europe. Many experts believe that XRP could lead an instant payment revolution, and this partnership highlights the potential of the digital asset. Will Musk integrate XRP? Ripple technology allows financial institutions to send money in any currency in real-time without needing reserve capital. This technology is built to provide a fast, low-cost, and secure payment layer that complies with regulatory standards. Suppose Cross River Bank acts as the banking partner for X-Money. In that case, this creates a clear pathway for Ripple technology, particularly XRP, to become part of the broader payment architecture on X. Recent rumors suggest that Musk will integrate XRP into a new payment system. Although the billionaire has not confirmed these rumors, the infrastructure is likely to be operational without major changes. Grok, Musk's AI support chatbot, has called XRP the best asset for cross-border payments. Meanwhile, Ripple's enterprise-grade systems have proven this with Cross River Bank. The conditions for the potential use of XRP in X-Money have been agreed upon, and if Musk approves this integration, it could change the landscape of digital assets.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)