Overview
- Volante Technologies' middleware gives banks optional connections to multiple rails, including the Federal Reserve’s FedNow and Ripple’s XRP network, on the same platform.
- The Federal Reserve has not endorsed XRP for FedNow and FedNow itself settles U.S. dollar payments by crediting and debiting banks’ Federal Reserve master accounts.
- Volante first launched a Ripple integration in 2015 and publicly confirmed by 2020 that its platform could settle via XRP, establishing technical feasibility rather than operational adoption.
- Neither Volante nor Ripple have published transaction-level proof that U.S. banks are routing FedNow payments through XRP, so claims of XRP being used inside FedNow remain unverified.
- Crypto market data showed a short-term uplift in interest and trading activity for XRP after the Volante connection drew attention, but any broader banking use would require individual bank decisions and regulatory clearance.