TLDR
- Visa is actively exploring digital currency initiatives to enhance its settlement platform.
- The company is considering RippleNet and the Interledger Protocol for improving interoperability in its network.
- Visa has partnered with Coinbase, allowing users to spend Bitcoin, Ether, and XRP at any Visa-accepting merchant.
- Visa envisions its Digital Currency Settlement Platform as a bridge between CBDCs, cryptocurrencies, and traditional financial systems.
- RippleNet’s global payments network is seen as a key solution for cost-effective and faster cross-border transactions.
Visa has revealed its ongoing exploration of digital currency initiatives, with a focus on enhancing its settlement platform. In a recent update, Crypto Researcher SMQKE shared insights into Visa’s increasing involvement with cryptocurrency services. The report highlights Visa’s interest in using RippleNet and the Interledger Protocol (ILP) as possible mechanisms to improve interoperability within its platform. This development aligns with Visa’s broader strategy to expand beyond traditional payment processing and incorporate digital currencies.
Visa has also demonstrated its commitment to integrating cryptocurrencies through partnerships with leading exchanges. One notable example is its partnership with Coinbase, which allows the exchange to issue Visa debit cards. These cards enable Coinbase users to spend their holdings of Bitcoin, Ether, and XRP at any merchant that accepts Visa, bypassing the need for intermediaries to convert crypto into fiat currency. This move further strengthens Visa’s position in the evolving digital currency ecosystem.
The latest development underscores Visa’s efforts to become a central player in the digital currency settlement space. The company is working to bridge traditional financial systems with emerging digital assets. It has identified RippleNet and ILP as key solutions to achieve this goal, showing an interest in the future role of XRP in the global payments infrastructure.
RippleNet and ILP as Key Interoperability Tools for Visa
Visa’s Digital Currency Settlement Platform envisions facilitating seamless transfers across various digital assets and payment networks. The company has expressed interest in using RippleNet, Ripple’s global payments network, for faster, more cost-effective cross-border transactions. RippleNet’s ability to offer lower-cost and real-time settlement is appealing to Visa as it seeks to modernize its settlement processes.
XRP 🤝 VISA
👇 https://t.co/TqSal7lanJ pic.twitter.com/PyEaShTSQ2
— SMQKE (@SMQKEDQG) August 4, 2025
Another interoperability solution under consideration is the Interledger Protocol (ILP). This protocol can connect disparate payment networks and route payments across multiple ledgers without requiring all participants to use the same underlying technology. Visa recognizes ILP’s potential in enabling interoperability between central bank digital currencies (CBDCs), cryptocurrencies like XRP, and legacy financial systems.
The integration of RippleNet and ILP into Visa’s platform could have significant implications for XRP’s role in the payments ecosystem. These technologies could enhance the ability to settle XRP transactions, providing faster and more efficient methods for cross-border payments. Visa’s interest in these solutions highlights the growing importance of digital currencies in mainstream finance.
Visa’s Vision for a Digital Currency Future with XRP
Visa is positioning itself as a key player in the integration of digital currencies into mainstream payment systems. The company’s exploration of RippleNet and ILP suggests that XRP could play a vital role in future settlement solutions. These efforts are in line with Visa’s broader goal of providing a seamless and interoperable payment system that supports both traditional and digital assets.
XRP’s inclusion in Visa’s exploration of digital currency solutions underscores the currency’s increasing significance in the global payments network. While Visa has not provided specific implementation timelines, the company’s collaboration with RippleNet signals confidence in XRP’s potential for cross-border payments.
