Harvard University has recently acknowledged Visa’s patent for Digital FIAT Currency Settlement, highlighting it as a significant example of blockchain technology’s transformative potential in the realm of financial transactions. The recognition notably references Ripple’s XRP and Stellar (XLM) as pivotal technologies driving this innovation.
This insight was brought to light by crypto analyst SMQKE, generating considerable buzz within the digital asset community.
Visa’s 2020 patent outlines a framework allowing central banks to convert physical currency into digital tokens on a blockchain. This system merges centralized oversight with distributed ledger technology and trusted participants to facilitate faster, more transparent, and secure transfers while preserving the legal status of fiat money.
Although XRP and XLM are not explicitly named in Visa’s documentation, Harvard emphasizes these two blockchains as exemplary models that align closely with Visa’s vision due to their performance capabilities and architectural design.
The Significance of XRP and XLM
XRP is designed for rapid transaction settlements, often completing transfers within seconds at minimal cost. Its ledger supports decentralized exchange features and boasts numerous enterprise-level integrations, making it highly suitable for large-scale international payment systems.
Conversely, Stellar’s native token XLM focuses on promoting financial inclusion by optimizing cross-border remittances for both individuals and institutions. It offers low fees combined with reliable throughput tailored towards efficient global money movement.
Their association with Visa’s patented system goes beyond theoretical relevance; Harvard’s endorsement signals an evolving perspective among academics and institutions—shifting from viewing cryptocurrencies merely as speculative instruments toward recognizing them as foundational infrastructure critical to modernizing global finance.
Institutional Endorsement & Wider Impact
This academic recognition from Harvard adds substantial legitimacy to blockchain technology within mainstream financial ecosystems. Assets like XRP and XLM—once considered niche or experimental—are now being integrated conceptually into frameworks such as Visa’s patented solution. This development suggests an emerging future where decentralized networks underpin traditional payment settlements worldwide.
Final Thoughts
The mention of Visa’s Digital FIAT Currency Settlement patent by Harvard University marks a milestone in institutional acceptance of blockchain innovations represented by XRP and XLM. These platforms have transitioned from speculative assets into practical tools capable of enhancing global payments infrastructure while bridging conventional finance with digital currencies seamlessly.
As central banks explore adopting digital fiat currencies alongside enterprises seeking scalable solutions, both XRP and XLM stand out as effective technologies positioned at the forefront of this transformation—validating their crucial role in shaping an interconnected future between traditional monetary systems & emerging digital assets alike.