**World Bank Report Highlights Ripple’s Interledger and XRP as Promising Payment Solutions**
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The World Bank has published a report discussing Ripple’s Interledger protocol and its native digital asset, XRP. The report describes payment solutions involving XRP as highly promising, noting their capability to enable seamless currency exchanges across different networks.
### World Bank Talks About Ripple and XRP
Crypto influencer SMQKE recently shared the World Bank report on ‘Blockchain Interoperability,’ which examines Ripple’s Interledger technology. The report highlights how anyone can receive any currency of their choice using XRP, characterizing this feature as “very promising” for the payment sector. This is because XRP facilitates the exchange of value across diverse payment networks.
The World Bank further explains that Interledger routes packets of value in a manner similar to how the Internet routes packets of information. The report emphasizes Interledger’s role in addressing interoperability challenges by developing several settlement rails for both crypto and non-crypto payments, with XRP being a central component of this solution.
Ripple is also adopting various payment standards, including ISO 20022, to ensure its payment solutions are compatible with cross-border transaction systems globally. XRP serves as a bridge currency, allowing users to transfer and receive any preferred currency seamlessly.
The report elaborates on the function of nodes within the Interledger network, in which XRP acts as the router connecting, for example, a sender transmitting USD with a receiver obtaining Bitcoin. This functionality extends to non-crypto payments, enabling users to send USD and receive another currency with XRP facilitating the transaction.
SMQKE pointed out that Ripple has previously collaborated with the World Bank to modernize global payment clearing and backend infrastructure. Partnerships with several banks reinforce XRP community members’ confidence that the digital asset could play a significant role in the global financial ecosystem.
Recently, SMQKE also shared documents confirming Ripple’s integration into the European financial system, marking another step forward in its expansion.
### Ripple Makes Headway in Africa
Ripple has announced a partnership with South African financial institution Absa to provide crypto custody services. Pro-XRP attorney Bill Morgan views this development as a potential major milestone for XRP. Morgan noted that the collaboration goes beyond custody—it appears to align with a broader demand for Ripple’s payment technologies in Africa.
Earlier this year, Ripple partnered with African fintech giant Chipper Cash to integrate its payment technology into the platform. It has also collaborated with Yellow Card to introduce its RLUSD stablecoin to African users.
### XRP Price Update
At the time of writing, XRP is trading at approximately $2.40, down over 3% in the last 24 hours, according to data from CoinMarketCap.
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https://bitcoinist.com/world-bank-on-ripple-and-xrp/