Ripple CEO Brad Garlinghouse says he isn't surprised the Bank for International Settlements tested the XRP Ledger, arguing the network already meets the standard checklist institutions look for. He pointed to low fees, fast settlement, and a proven track record as the features driving institutional interest.
The Bank for International Settlements has put the XRP Ledger to the test, and Ripple CEO Brad Garlinghouse says the move was expected all along. Garlinghouse said the BIS testing is no surprise because the XRP Ledger already passes a standard checklist for an efficient network system.
The BIS focuses on using blockchain technology to verify official statistical data without placing the underlying datasets directly on-chain. Garlinghouse argued that an institution with that mandate was likely to explore the XRP Ledger, given the network's characteristics. The XRP community continued to buzz with discussions after the post, with many industry experts echoing his view that the BIS move was not unexpected.
To back his claim, Garlinghouse highlighted three qualities he says make the XRP Ledger suitable for institutional use: low fees, fast settlement, and a proven track record.
The test puts the XRP Ledger in the spotlight as institutions increasingly look for blockchains that offer faster settlement, data integrity, and other financial infrastructure applications. Ripple's CEO frames the BIS experiment as further validation of the network's underlying capabilities rather than a surprising development.
Source: U.Today
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