Ripple and XRP Mentioned in Official US Bill Proposal

A proposed bill on remittance insurances mentions Ripple and XRP as the newest developments in payment channels. Ripple’s XRP was mentioned in relation to cross-border payment systems in the proposed bill text.

Ripple’s payment network was mentioned as one of the vectors of growth in the remittance market. Ripple was mentioned also in relation to being a system which could exactly predict the funds to be received: The document does not mention other payment platforms or blockchains specifically, and XRP has been singled out as a digital asset related to a unique remittance system.

Timeline of Xrp