India’s Banks Explore Private Ledger Use of XRP for Interbank Transfers

Crypto influencer Amelie revealed that Indian banks are conducting private ledger tests using XRP for faster interbank money transfers, a development that could significantly benefit the country’s financial ecosystem. Her post on X (formerly Twitter) highlights India’s position as a BRICS member and ties into a fintech festival in India where Ripple’s CBDC platform is being used by smaller nations to implement central bank digital currencies. This involvement in advising other countries on CBDCs suggests that India is already advanced in its CBDC development. While the exact scale of adoption remains unclear, Indian banks could use XRP technology for enhanced efficiency in both domestic and cross-border payments.