BIS Tests XRP Ledger After Verifying Its Authenticity
Ripple's CEO Brad Garlinghouse has expressed that he is not surprised by the Bank for International Settlements (BIS) testing of the XRP Ledger. The BIS, a global financial institution, decided to put the XRPL to the test after verifying its authenticity and capabilities.
Garlinghouse believes that the move was expected considering the XRP Ledger's outstanding features such as low fees, fast settlement, and a proven track record. He suggested that an institution like BIS would consider exploring the XRP Ledger for its suitability in institutional use.
The test has put the XRP Ledger in the spotlight as institutions are increasingly looking for blockchains with faster settlement, data integrity, and other financial infrastructure applications.