Ripple Joins Fed Pilot Talks on Reserve Bank Accounts (OP-1877)
Ripple has formally participated in the U.S. Federal Reserve’s public consultation on the Reserve Bank Payment Account pilot under Docket OP-1877, adding its voice to discussions about allowing non-bank financial institutions direct access to central bank accounts. The company argues that reducing reliance on intermediary commercial banks could speed settlements and lower counterparty risk for firms that move large volumes of fiat and digital value.
If the pilot advances, it would represent a notable shift in U.S. payments infrastructure and could benefit crypto-native firms and payment providers by enabling more efficient rails and potentially lower costs. Regulatory guardrails, eligibility criteria and compliance requirements will shape how broadly access is granted, so progress in OP-1877 will be closely watched by XRP investors, fintech operators and policymakers evaluating the future of settlement and liquidity between fiat and digital assets.