Is XRP Being Used for all US Federal Reserve Transactions? Fact Check
The hype of XRP refuses to die down even days after the cryptocurrency was included in the U.S. strategic national reserve. Touted as the hottest “bridge currency”, XRP finds global fan following with netizens raving about it online 24/7.
However, the ongoing craze around XRP has also resulted in several instance of fake or misleading posts getting viral online and its repercussions are felt even in the crypto markets, at times. Recently, a tweet from an account named “John F Kennedy Jr,” which has a following of about 146K people, stated that XRP is now officially handling all payment transactions for the U.S. Federal Reserve.
This striking claim quickly caught the eye of many, particularly those interested in cryptocurrencies, leading to a mix of uncertainty and heated discussion across social media.
As the tweet started blowing up on Twitter, folks quickly jumped in with doubts. Many people weren’t buying it and started asking for solid proof. Some weren’t sold at all, pushing for hard evidence, while one user straight-up demanded, “Where’s this coming from? Got an official statement or what?” is your claim supported by any trusted person on earth ?!”
Others even used AI tools like Grok, hoping to find out whether there was any truth to the claim. Despite the growing attention, no one could point to any solid evidence backing up the statement.
A brief look online shows no solid proof for this idea. The Federal Reserve hasn’t said anything about switching to XRP for all its dealings. No government office, bank, or trusted news source has confirmed it either. Even among crypto fans, there’s no dependable report or evidence to support the claim.
This information is completely false. While XRP has been looked into for some financial uses, it has not been made the foundation of all U.S. Federal Reserve transactions. This is a clear example of how quickly rumors can spread online. To stay informed, it’s always best to fact-check with credible sources before accepting or sharing such claims.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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