The Bank for International Settlements (BIS) decided to test the XRP Ledger, an initiative described as predictable by Brad Garlinghouse, CEO of Ripple. The executive highlighted that the XRP Ledger meets the criteria of an efficient network system, with low fees, fast settlement, and a proven track record. This validation by an institution like the BIS confirms the relevance of the XRP Ledger for institutional uses. Industry experts share this analysis, noting that BIS verification strengthens the XRP Ledger’s position against competing blockchains.
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