UK Parliament Talks Ripple, But Is XRP Really Ready to Revolutionize National Finance?

There’s been recent talk that the UK Parliament is considering using Ripple and XRP as part of the country’s infrastructure. Ripple has shared information with parliamentary committees and been involved in discussions about digital assets, but reports suggesting official approval are likely exaggerated.

References to XRP in Parliament are simply part of normal industry discussions and don’t mean the government officially supports it. For XRP to be considered a key part of the UK’s infrastructure, the government or Bank of England would need to formally approve it – something that isn’t likely to happen anytime soon.

Ripple’s Presence in UK Policy Circles

Ripple has been involved in conversations with UK financial regulators, sharing information with both the Treasury and the Department for Digital, Culture, Media & Sport. The company is also registered with the Financial Conduct Authority to offer money services.

Ripple (XRP) is now a topic of discussion in the UK Parliament, recognized as a vital component of the global payments system. Official evidence presented indicates that Ripple and XRP have the potential to significantly improve trade finance and international money transfers. This signifies a major shift in power dynamics within the financial world.

— X Finance Bull (@Xfinancebull) September 20, 2025

Ripple highlights the XRP Ledger as a quick and effective system for sending money internationally. However, by being involved in this way, Ripple is acting as a participant in shaping payment policies, rather than being considered a core part of a country’s financial system.

What “Formal Recognition” Would Actually Mean For XRP 

For XRP to be recognized as a key part of the UK’s financial infrastructure, it would have to follow strict rules. This includes being officially regulated, having its potential risks to the financial system carefully assessed, and supporting the Bank of England’s goals.

The UK’s essential payment networks, including CHAPS and RTGS, are carefully controlled and checked for security. Unlike these systems, the unpredictable nature of a cryptocurrency like XRP doesn’t align with that type of strict oversight.

The UK’s Policy Direction Favors Technology Neutrality

The Financial Services and Markets Act of 2023 allows regulators to oversee stablecoins and digital payment tokens. They will be concentrating on what these technologies are *used for*, rather than the specific tokens themselves.

The Bank of England and the Financial Conduct Authority are developing rules for stablecoins that are linked to traditional currencies, but not for riskier, more speculative cryptocurrencies. Their approach aims to encourage new ideas without favoring any particular company or technology.

This makes it unlikely for the UK to single out XRP for special status.

Ripple’s Role Could Grow — Without XRP Endorsement

Ripple is expected to grow its presence in the UK by working with partners and building shared infrastructure. This could involve facilitating secure payment routes for sending money internationally, all within the rules set by the UK’s financial regulator, the FCA.

This collaboration supports the government’s efforts to improve financial processes using blockchain technology. However, it doesn’t yet mean XRP is officially considered a vital national asset or essential infrastructure.

Why a Formal Endorsement Is Unlikely

It’s unlikely XRP will receive official recognition in the UK due to several issues. The UK government focuses on keeping payment systems stable and under its control. XRP’s price swings, lack of central control, and past legal problems in the US all pose potential risks for policymakers.

The Bank of England is heavily invested in creating its own digital currency and upgrading its payment system, leaving it with limited interest in using tokens developed by others.

As a researcher in this space, I’ve concluded that it simply isn’t feasible to rely on private or foreign-controlled blockchains for essential payment systems. It poses too many political and security risks to hand over that level of control.

What If It Did Happen?

If the United Kingdom were to officially acknowledge XRP as a component of its financial system, it would have a major impact.

XRP might soon have clearer rules and acceptance from regulators around the world, as well as attract more investment from institutions and wider market trust. This would strengthen Ripple’s role as a reliable provider of payment settlement services.

Introducing these changes could create problems with how XRP is governed. Authorities would probably require some form of controlled or traceable record-keeping, which would alter XRP’s original decentralized design.

The Realistic Outlook

It’s more likely that Ripple will continue operating as a private infrastructure provider, rather than a widely accessible, public network.

The company can influence regulations, create new financial pathways, and provide funding that meets legal standards – all without XRP being officially recognized as government-backed currency.

Realistically, the chance of UK Parliament formally endorsing XRP is very low. 

Ripple’s regulatory cooperation, however, will remain influential in shaping digital finance rules.

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2025-10-11 01:34