Ripple In Bank for International Settlements Panel; XRP Rally?

Ripple, the company behind popular cryptocurrency XRP, has been announced as an official partner of a key subgroup under a Bank for International Settlements (BIS) committee. This could be a massive development in the company’s pursuit to create a crypto ecosystem between central banks around the world. This announcement comes at a time when the altcoin is back to being in bullish space thanks to the recently delivered Summary Judgment in the Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC).

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Ripple Named As Key BIS Committee Partner

According to the announcement, Ripple is now an official partner of the ‘Cross-border payments interoperability and extension taskforce’. The taskforce is subgroup within the Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures. The BIS announcement comes just few days after Michael Miebach, chief executive officer at payments company Mastercard, revealed that his company is in collaboration with the likes of Ripple in relation to a new central bank digital currency (CBDC) partner program.

Meanwhile, the XRP price saw significant volatile trend in the last few days, thanks to the recent developments like the SEC’s filing for interlocutory appeal in the lawsuit against Ripple. Earlier, CoinGape reported that traders could be rewarded if they hold on until the token hits a target of $0.62 next.

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