The Federal Reserve Bank of Atlanta calls XRP an "international payment medium" in a report

In a recent report, the Federal Reserve Bank of Atlanta called attention to Ripple's business model and how the company is using XRP to meet cross-border settlement needs. According to the bank, XRP is considered "an international payment medium. The report mainly highlights the prospects of Web3 and the use of digital assets . Also highlighting the growing adoption of Web3 and blockchain">blockchain technology by public institutions such as central banks , it draws attention to the Mariana Project , a proof of concept launched by the Bank for International Settlements (BIS ) , the Bank of France and other financial institutions . In highlighting the Mariana project's goal of facilitating more efficient cross-border settlements, the bank mentions Ripple. Notably, the report does not focus specifically on Ripple or XRP, but rather on the broader Web3 scenario. In addition, the document does not explicitly state that the Atlanta Fed plans to use XRP for settlement.