- Ripple’s partnerships with central banks aim to enhance cross-border payments and support digital asset initiatives through the XRP Ledger.
- Ripple’s legal clarity from the SEC case paves the way for new central bank collaborations, strengthening its position in digital finance.
Ripple CEO Brad Garlinghouse has confirmed that the company has partnered with several central banks worldwide, a sign of Ripple’s growing role in global financial systems.
While some partnerships have been publicly disclosed, Garlinghouse suggests that more are yet to be announced. This revelation comes in the wake of Ripple’s ongoing efforts to improve cross-border payments and address inefficiencies in the global financial system in digital assets.
In a recent video discussion, Garlinghouse outlined Ripple’s strategy of working closely with central banks, focusing on using the XRP Ledger to issue digital assets.
According to Garlinghouse, Ripple’s involvement with central banks is crucial for improving cross-border payment systems, especially as these banks begin exploring central bank digital currencies (CBDCs). He clarified that CBDCs are designed with domestic applications in mind and are not a solution for international payment challenges.
🚨 REMEMBER WHAT BRAD GARLINGHOUSE SAID:
„RIPPLE HAS PARTNERED WITH SEVERAL CENTRAL BANKS AROUND THE WORLD, SOME WE‘VE ANNOUNCED, SOME WE HAVEN‘T YET ANNOUNCED!“ 🏦
NOW THAT THE SEC CASE IS RESOLVED, IMAGINE ALL THE PARTNERSHIPS THAT WILL SOON BE ANNOUNCED… 😏 #XRP pic.twitter.com/Tl3lewnvmU
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) March 23, 2025
Garlinghouse also noted that Ripple’s engagement with central banks and large financial institutions has allowed the company to establish a solid foundation in the blockchain and digital asset space. Ripple’s experience in dealing with global banks and payment networks positions it well to assist central banks with their digital currency experiments.
Impact of Legal Clarity on Ripple’s Operations
Ripple’s comments come after a move in the company’s legal battle with the U.S. Securities and Exchange Commission (SEC). The case, which was filed in December 2020, centered on allegations against Ripple regarding its XRP token.
However, according to ETHNews, recent changes in the case have provided Ripple with clearer regulatory guidance, allowing the company to move forward with its business plans without the looming uncertainty that had previously hindered its operations.
In the context of this legal resolution, Garlinghouse hinted that the company could soon announce new partnerships with central banks. Ripple has already confirmed collaborations with entities like the Republic of Palau and Bhutan, which are focused on CBDC development.
Ripple’s Growing Role in Blockchain-Based Payments
Ripple’s work with central banks is part of a larger trend in which governments and financial institutions increasingly turn to blockchain technology to modernize their financial infrastructure. The company’s focus on improving the efficiency of cross-border payments aligns with a global shift towards exploring digital currencies and blockchain’s potential to streamline financial processes.
Moreover, Garlinghouse’s statements point to the broader adoption of blockchain-based solutions by governments and enterprises. With central banks actively exploring digital currencies, Ripple’s involvement in these initiatives signals the company’s growing influence in the changing financial landscape.
XRP Price and Market Activity
During the time of writing, XRP was priced at $2.44, reflecting a slight 0.62% drop in the past 24 hours. Despite this minor decline, the coin has experienced price fluctuations, with a brief peak at $2.46 before a slight correction. XRP’s market cap stands at $142.46 billion, with a 24-hour trading volume of $2.6 billion, showing a 16.95% decrease in volume.
XRP’s circulating supply is 58.15 billion, and its fully diluted valuation (FDV) is $244.97 billion. The volume-to-market cap ratio of 1.83% indicates moderate trading activity relative to its overall market size.
