XRP Bulls Cheer Treasury Official’s Praise of Blockchain for Cross-Border Settlements

Sean Williams
XRP

Getting your Trinity Audio player ready...

Key Takeaways:

  • Michael Faulkender’s praise of blockchain technology affirms its growing role in financial policy discussions.
  • Though not named, XRP’s use case fits Faulkender’s vision for faster, cheaper global payments.
  • XRPL and RLUSD are strategically positioned to support blockchain-based trade and stablecoin settlement.

The future of international finance may be closer than many think—at least according to recent comments from a top U.S. Treasury official. Michael Faulkender, the Deputy Secretary of the Treasury, has spotlighted blockchain as a groundbreaking force for global payments. His remarks, shared in a video by Crypto Crusaders creator Levi Rietveld, have captured the attention of the crypto community, especially supporters of XRP.

While Faulkender didn’t directly mention XRP, his statements about the power of distributed ledger technology to overhaul payment systems echo Ripple’s long-standing vision for XRP in cross-border finance.

Faulkender Endorses Blockchain’s Speed and Efficiency

Faulkender described blockchain as capable of transforming global financial infrastructure by enabling payment settlements “in minutes, if not seconds.” He highlighted its benefits, including greater privacy, security, and significantly lower transaction costs compared to current banking methods.

More significantly, he noted that if the blockchain revolutionizes how trade is invoiced and settled internationally, it would lead to a “flocking” to the technology. Faulkender also suggested that an increase in stablecoin-based trade could dramatically raise global demand for the assets backing them—chief among them, U.S. Treasuries.

Source: X

XRP Community Sees Strategic Alignment

XRP supporters were quick to connect the dots. With its native role as a bridge currency in RippleNet’s cross-border payment system, XRP is uniquely positioned to thrive in a future shaped by blockchain and stablecoin settlements.

Faulkender’s acknowledgment of the trillions of dollars in potential demand for U.S. Treasuries due to stablecoin use supports XRP’s ecosystem, particularly Ripple’s RLUSD stablecoin and the XRP Ledger’s on-chain liquidity mechanics.

Also Read: XRP Falls 12% After Hitting $3.65, Analysts Call It a Healthy Correction

XRP Ledger’s Design Mirrors Faulkender’s Vision

The XRP Ledger (XRPL), built for fast, low-cost, and secure cross-border transactions, already addresses many of the concerns raised by Faulkender. Its decentralized infrastructure, real-time settlement features, and growing use cases for tokenized assets and stablecoins make it an ideal candidate for the financial overhaul being envisioned by U.S. policymakers.

For years, the XRP community has argued that blockchain would eventually replace outdated systems like SWIFT. With voices from the U.S. Treasury now echoing those sentiments, XRP’s path forward looks increasingly aligned with global finance trends.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

Related Posts