RIPPLE COULD GAIN ACCESS TO THE FED WHILE THE BOARD SEEKS COMMENTS ON THE ‘REDUCED MASTER ACCOUNT’ XRP
Explanation
The Federal Reserve of the United States (Fed) is considering creating a type of special account called a “reduced master account.” This is not full access like that of banks, but a limited way to use the Fed's payment infrastructure.
Companies like Ripple could use these accounts to settle payments directly with the Fed, without relying on intermediary banks. This could make money movements faster and more efficient, especially with cryptocurrencies and stablecoins.
Important: This does not mean that Ripple already has access. The Fed is only receiving comments on the idea and has not approved anything yet. It is a preliminary step, but it is a positive sign for the crypto sector, as it shows that the Fed is exploring ways to include companies like Ripple in its system.
In short
“Ripple could use the Fed, but it is still just a plan. If approved, it would be a significant breakthrough for the company and for the XRP community
