International Finance Bank Confirms XRP as Settlement Mechanism in ILP STREAM Protocol

Gate News message, April 22 — An internal presentation from International Finance Bank (IFB), surfaced by crypto researcher SMQKE, confirms that XRP functions as the settlement mechanism within Ripple’s Interledger Protocol (ILP) STREAM protocol, positioning it as a live payment rail rather than a theoretical framework.

The document details how XRP serves as the bridge asset enabling real-time value transfer across disparate ledgers. IFB’s payment architecture operates as a multi-rail system, with XRP and RippleNet deployed strategically alongside traditional channels such as SWIFT and SEPA, depending on counterparty presence in Ripple’s ecosystem and measurable efficiency gains. The approach underscores that XRP is used where it delivers clear foreign exchange and settlement advantages, not universally.

The presentation also highlights that ILP can operate in parallel with SWIFT gpi Instant (a real-time gross settlement service), reflecting a broader convergence where blockchain infrastructure increasingly embeds within traditional finance rather than replacing it. Industry estimates suggest approximately 60% of SWIFT-connected banks already have exposure to Ripple-related technology.