BIS Testing of XRP Ledger Confirmed as No Surprise by Ripple CEO

The Bank for International Settlements (BIS) has been testing the XRP Ledger, and Ripple's CEO Brad Garlinghouse is not surprised by this development.

In a recent statement, Garlinghouse questioned whether the BIS testing with the XRP Ledger was unexpected, given its outstanding capabilities.

Garlinghouse highlighted three features of the XRP Ledger that make it suitable for institutional use: low fees, fast settlement, and a proven track record.

The CEO believes that an institution like the BIS would consider exploring the XRP Ledger due to its efficiency in verifying official statistical data without placing underlying datasets directly on-chain.